40-33-1. Definition of terms.
114 words·~1 min read·
/sd/title-40/chapter-40-33/40-33-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Terms used in this chapter mean:
(1)"Due date," seven days from the date of delivery of produce by the seller to the dealer at wholesale in the case of a sale, and in all cases where produce is consigned, seven days from the date the sale is made by the broker or handler to the dealer at wholesale;
(2)"Person," an individual, firm, corporation, limited liability company, copartnership, or association;
(3)"Produce," includes eggs, poultry, poultry products, or dairy products;
(4)"Voluntary extension of credit," a written agreement between the seller and the dealer at wholesale wherein the time of payment for the purchase price of produce is extended beyond the due date.