New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 72 - BONDING REQUIREMENTS OF COMMISSION MERCHANTS, DEALERS, BROKERS AND AGENTS
Subchapter 1 - COMMISSION MERCHANTS, DEALERS, BROKERS, AGENTS
Section 2:72-1.1 - Definitions

Universal Citation: NJ Admin Code 2:72-1.1
Current through Register Vol. 56, No. 6, March 18, 2024

The following words and terms, as used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.

"Acceptable form of surety" means any security acceptable under 4:11-20 and 2:72-1.2(b).

"Applicant" means a dealer, broker, or commission merchant applying for a license pursuant to 4:11-19.

"Certified vehicle tare weight" means the weight of an empty vehicle as certified by agreement between the grower and the commission merchant, dealer, broker or agent.

"Department" means the New Jersey Department of Agriculture.

"Invoice" means the written record of transactions between a grower and a broker, commission merchant or dealer created pursuant to 2:72-3.1(a), 3.2(a) or 3.3(a).

"Persons" shall mean any individual, corporation, business, partnership, association, cooperative, limited liability company, or other legal entity.

"Prompt settlement" means 10 days from the date of delivery of the agricultural commodity unless a differing standard is provided in the invoice.

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