1999 Minnesota Statutes

     336.9-109 Classification of goods:  "consumer goods"; 
  "equipment"; "farm products"; "inventory".  

    Goods are 

    (1) "consumer goods" if they are used or bought for use 
 primarily for personal, family or household purposes; 

    (2) "equipment" if they are used or bought for use 
 primarily in business (including farming or a profession) or by 
 a debtor who is a nonprofit organization or a governmental 
 subdivision or agency or if the goods are not included in the 
 definitions of inventory, farm products or consumer goods; 

    (3) "farm products" if they are crops or livestock or 
 supplies used or produced in farming operations or if they are 
 products of crops or livestock in their unmanufactured states 
 (such as ginned cotton, wool-clip, maple syrup, milk and eggs), 
 and if they are in the possession of a debtor engaged in 
 raising, fattening, grazing or other farming operations.  If 
 goods are farm products they are neither equipment nor 
 inventory; 

    (4) "inventory" if they are held by a person who holds them 
 for sale or lease or to be furnished under contracts of service 
 or if the person has so furnished them, or if they are raw 
 materials, work in process or materials used or consumed in a 
 business.  Inventory of a person is not to be classified as the 
 person's equipment.  

    HIST: 1965 c 811 s 336.9-109; 1986 c 444