Idaho Administrative Code
Title IDAPA 02 - Agriculture, Department of
Rule 02.02.13 - COMMODITY DEALERS' RULES
Section 02.02.13.010 - DEFINITIONS

Universal Citation: ID Admin Code 02.02.13.010

Current through August 31, 2023

The Idaho State Department of Agriculture adopts the definitions set forth in Section 69-502, Idaho Code. In addition the following definitions apply to the interpretation and enforcement of this chapter. (3-15-22)

01. Cash Sale. Payment to the producer by the warehouse or dealer contemporaneously with the transfer of commodity to the warehouse or dealer. (3-15-22)

02. Commodity Indemnity Fund. Commodity Indemnity Fund is a trust fund. (3-15-22)

03. Credit-Sale Contract. An agreement in writing containing the provisions of Section 69-514, Idaho Code, and where the producer transfers a specific quantity of commodity to a warehouse or dealer with a price or payment to the producer by the warehouse or dealer to be made at a later date or on the occurrence of a specific event expressed in the agreement. (3-15-22)

04. Dealer. Is limited to dealers licensed by the state of Idaho. (3-15-22)

05. Seed Crops. Means any seed crop regulated by Title 22, Chapter 4, Idaho Code. (3-15-22)

06. NPE. (No price established contract) A contract containing no readily calculable sale value of the commodity for the producer. (3-15-22)

07. Warehouse. Is limited to warehouses licensed by the state of Idaho. (3-15-22)

Disclaimer: These regulations may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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