Subdivision 1. Applicability.
For the purpose of sections
, the terms defined
in this section have the meanings given them.
Subd. 2. Bond.
"Bond" means an acceptable obligation, running to the state as obligee, for
the purpose of indemnifying depositors and producers of grain against breach of contract by a
public grain warehouse or grain bank operator.
Subd. 3. Commissioner.
"Commissioner" means the commissioner of agriculture.
Subd. 4. Condition one bond.
"Condition one bond" means a bond for a public grain
warehouse operator when grain belonging to persons other than the warehouse operator is
accepted for storage.
Subd. 5.[Repealed, 1982 c 508 s 12
Subd. 6. Depositor.
"Depositor" means a person who is the owner or legal holder of an
outstanding grain warehouse receipt, grain bank receipt or open scale ticket marked for storage
on which a receipt is to be issued, representing any grain stored in a public grain warehouse
or grain bank.
Subd. 6a. Electronic document.
"Electronic document" means a document that is generated,
sent, received, or stored by electronic, optical, or similar means, including electronic data
interchange, electronic mail, telegram, telex, or telecopy. "Electronic document" includes, but is
not limited to, warehouse receipts, grain purchase contracts, and voluntary extension of credit
Subd. 6b. Electronic grain warehouse receipt.
"Electronic grain warehouse receipt"
means an electronic version of a grain warehouse receipt issued or transmitted to a depositor by
a grain warehouse operator under the provisions of section
in the form of an electronic
document. An electronic grain warehouse receipt is a negotiable instrument except as provided
232.23, subdivision 11
Subd. 6c. Electronic signature.
"Electronic signature" means an electronic sound, symbol,
or process attached to or logically associated with a record and executed or adopted by a person
with the intent to sign the record.
Subd. 7. Grain.
"Grain" means any cereal grain, coarse grain, or oilseed in unprocessed
form for which a standard has been established by the United States Secretary of Agriculture or
the Minnesota Board of Grain Standards, dry edible beans, or agricultural crops designated by
the commissioner by rule.
Subd. 8. Grain warehouse.
"Grain warehouse" means an elevator, flour, cereal or feed mill,
malthouse or warehouse in which grain belonging to a person other than the grain warehouse
operator is received for purchase or storage.
Subd. 9. Grain warehouse receipt.
"Grain warehouse receipt" means a formal record issued
to a depositor by a grain warehouse operator under the provisions of section
. A grain
warehouse receipt is a negotiable instrument except as provided in section
232.23, subdivision 11
Subd. 10. Person.
"Person" means a corporation, company, joint stock company or
association, partnership, firm or individual, including their agents, trustees, assignees or duly
Subd. 11. Producer.
"Producer" means a person who owns or manages a grain producing or
growing operation and holds or shares the responsibility for marketing that grain produced.
Subd. 12. Public grain warehouse operator.
"Public grain warehouse operator" means a
person licensed to operate a grain warehouse in which grain belonging to persons other than the
grain warehouse operator is accepted for storage or purchase, or who offers grain storage or
grain warehouse facilities to the public for hire.
Subd. 13. Scale ticket.
"Scale ticket" means a memorandum showing the weight, grade
and kind of grain which is issued by a grain warehouse operator to a depositor at the time the
grain is delivered.
Subd. 14. Open storage.
"Open storage" means grain or agricultural products received by
a warehouse operator from a depositor for which warehouse receipts have not been issued or a
purchase made and the records documented accordingly.
History: 1982 c 508 s 2; 1988 c 688 art 14 s 2; 1990 c 426 art 1 s 27; 2000 c 477 s 63;
2004 c 254 s 32-34