Title 2, Chapter 9, Section 1
( 2-9-1)
As used in this article, the term: (1) "Agricultural products" includes fruits, vegetables, eggs,
pecans, and cotton but does not include dairy products, tobacco,
grains, and other basic farm crops. (2) "Dealer in agricultural products" means any person,
association, itinerant dealer, partnership, or corporation engaged
in the business of buying, receiving, selling, exchanging,
negotiating, or soliciting the sale, resale, exchange, or transfer
of any agricultural products purchased from the producer or his
agent or representative or received on consignment from the
producer or his agent or representative or received to be handled
on a net return basis from the producer. The term "dealer in
agricultural products" also includes any person buying, selling,
processing, or shelling pecan nuts, including any and every kind
and variety of pecan nuts. (3) "Net return basis" means a purchase for sale of agricultural
products from a producer or shipper at a price which is not fixed
or stated at the time the agricultural products are shipped from
the point of origin. The term includes all purchases made "at the
market price," "at net worth," and on similar terms indicating
that the buyer is the final arbiter of the price to be paid. (4) "On consignment" means any receiving or sale of agricultural
products for the account of a person, other than the seller,
wherein the seller acts as the agent for the owner. (5) "Producer" means any producer of agricultural products. |