Compilation of Rules and Regulations of the State of Georgia
Department 590 - RULES OF OFFICE OF SECRETARY OF STATE
Chapter 590-4 - COMMISSIONER OF SECURITIES
Subject 590-4-9 - COMMODITIES
Rule 590-4-9-.01 - Definitions

(1) As used herein, all citations to "the Act" or "Act" shall refer to the Georgia law regulating commodity contracts and options as set forth in Chapter 5A of Title 10 of the Official Code of Georgia Annotated, Code Section 10-5A-1et seq.

(2) As used herein, all references to "the Commissioner" or "Commissioner" mean the Commissioner of Securities of this State.

(3) As used herein, all references to "the Assistant Commissioner" or "Assistant Commissioner" mean the Assistant Commissioner of Securities of this State.

(4) As used herein, "commodity" shall include wheat, cotton, rice, corn, oats, barley, rye, flaxseed, grain sorghums, mill feed, butter, eggs, solanum taberosun (Irish potatoes), wool, wool tops, fats and oils (including lard, tallow, cottonseed oil, peanut oil, soybean oil and all other fats and oils), cottonseed meal, cottonseed peanuts, soybeans, soybean meal, livestock, livestock products, and frozen concentrated orange juice, and all other goods and articles, and all other services, rights, and interests in which contracts for future delivery are presently or in the future dealt in.

(5) As used herein, a "commodity contract" shall mean a contract for the purchase or sale of a commodity option or commodity for future delivery on, or subject to the rules of, a contract market or board of trade.

(6) As used herein,"commodity options dealer" shall mean a person that extends credit to, or that accepts cash, a security, or other property form, a customer of such person for the purchase or sale of an interest in a commodity option.

(7) As used herein,"commodity pool operator" shall mean any person engaged in a business which is of the nature of an investment trust, syndicate, or similar form of enterprise, and who, in connection therewith, solicits, accepts, or receives from others, funds, securities, or property, either directly or through capital contributions, the sale of stock or other forms of securities, or otherwise, for the purpose of trading in any commodity for delivery or commodity option on or subject to the rules of any contract market, but does not include such persons not within the intent of this definition or the Commissioner may specify by rule, regulation, or order.