2007 Minnesota Statutes

336A.01 DEFINITIONS.
    Subdivision 1. Applicability. The definitions in this section apply to this chapter.
    Subd. 2. Business day. "Business day" means a weekday on which government offices are
open for business. Business day does not include state or federal holidays, Saturdays, or Sundays.
    Subd. 3. 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. 4. 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. 5. Computerized filing system. "Computerized filing system" means the system
created by the secretary of state for filing and giving notice of effective financing statements
and farm products statutory liens.
    Subd. 6. Crop year. "Crop year" means:
(1) for a crop, the calendar year in which it is harvested or to be harvested;
(2) for animals, the calendar year in which they are born or acquired; and
(3) for poultry or eggs, the calendar year in which they are sold or to be sold.
    Subd. 7. Debtor. "Debtor" means an individual or other legal entity that has borrowed
money from or is otherwise indebted to a lienholder or secured party and whose farm products
are subject to a farm products statutory lien created by operation of law or a security interest, to
secure payment of the obligation.
    Subd. 8. Effective financing statement. "Effective financing statement" means a statement
that meets the requirements of section 336A.03.
    Subd. 9. 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. 10. Farm product dealer. "Farm product dealer" means a buyer in the ordinary course
of business, a commission merchant, or a selling agent.
    Subd. 11. 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 and includes
an agricultural lien as defined in sections 336.9-102(a)(5); 514.963, subdivision 3; and 514.965,
subdivision 2 ; and an agricultural producer's lien as provided in section 514.945.
    Subd. 12. Filing office. "Filing office" means the Office of the Secretary of State.
    Subd. 13. Filing officer. "Filing officer" means the secretary of state or an agent of the
secretary of state authorized to accept filings.
    Subd. 14. Lienholder. "Lienholder" means an individual or other legal entity who has the
right to collect money from a debtor and who has a farm products statutory lien.
    Subd. 15. Lien notice. "Lien notice" means a statement that meets the requirements of
section 336A.03.
    Subd. 16. Monthly list. "Monthly list" means information about debtors, secured parties,
lienholders, and farm products that is produced by the secretary of state and distributed once a
month in the form of master or partial master lists.
    Subd. 17. Person. "Person" means an individual, partnership, corporation, trust, or other
business entity.
    Subd. 18. Secured party. "Secured party" means an individual or other legal entity that has
received a security interest in farm products to secure repayment of the obligation owed to it.
    Subd. 19. Security interest. "Security interest" means an interest in farm products that
secures payment or performance of an obligation.
    Subd. 20. 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.
History: 1992 c 525 s 2; 2001 c 195 art 2 s 21; 2004 c 191 s 1