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336A.01 Definitions.

Subdivision 1. Applicability. The definitions in this section apply to this chapter.

Subd. 2. Buyer in the ordinary course of business. "Buyer in the ordinary course of business" means a person who, in the ordinary course of business, buys farm products from a person engaged in farming operations who is in the business of selling farm products.

Subd. 3. Commission merchant. "Commission merchant" means a person engaged in the business of receiving a farm product for sale on commission or for or on behalf of another person.

Subd. 4. Computerized filing system. "Computerized filing system" means the system created under section 336.9-411 with separate programs for filing and giving notice of effective financing statements and farm products statutory liens.

Subd. 5. Effective financing statement. "Effective financing statement" means an original or reproduced copy of an original statement that meets the requirements of section 336A.03.

Subd. 6. Farm product. "Farm product" means an agricultural commodity, a species of livestock used or produced in farming operations, or a product of a crop or the livestock in its unmanufactured state, that is in the possession of a person engaged in farming operations.

Subd. 7. Farm product dealer. "Farm product dealer" means a buyer in the ordinary course of business, a commission merchant, or a selling agent.

Subd. 8. Farm products statutory lien. "Farm products statutory lien" means a lien on farm products which is given by statute or other rule of law for services or materials.

Subd. 9. Filing office. "Filing office" means the office of the county recorder or the office of the secretary of state.

Subd. 10. Filing officer. "Filing officer" means a county recorder, the secretary of state, or an agent of a county recorder or the secretary of state authorized to accept filings.

Subd. 11. Lien notice. "Lien notice" means an original or reproduced copy of an original statement that meets the requirements of section 336A.03.

Subd. 12. Person. "Person" means an individual, partnership, corporation, trust, or other business entity.

Subd. 13. Security interest. "Security interest" means an interest in farm products that secures payment or performance of an obligation.

Subd. 14. Selling agent. "Selling agent" means a person, other than a commission merchant, who is engaged in the business of negotiating the sale and purchase of a farm product on behalf of a person engaged in farming operations.

HIST: 1992 c 525 s 2

Official Publication of the State of Minnesota
Revisor of Statutes