Minn. Stat. § 336A.01 — MN Code / Part 324_342 / Chapter 336A / Section 336A.01
§ 336A.01 DEFINITIONS.
Status: in_force

§ Subdivision 1. Applicability. The definitions in this section apply to this chapter.

§ Subd. 2. Business day. "Business day" means a weekday on which government offices are open for business. Business day does not include state or federal holidays, Saturdays, or Sundays.

§ Subd. 3. Buyer in the ordinary course of business. "Buyer in the ordinary course of business" means a person who, in the ordinary course of business, buys farm products from a person engaged in farming operations who is in the business of selling farm products.

§ Subd. 4. Commission merchant. "Commission merchant" means a person engaged in the business of receiving a farm product for sale on commission or for or on behalf of another person.

§ Subd. 5. Computerized filing system. "Computerized filing system" means the system created by the secretary of state for filing and giving notice of effective financing statements and farm products statutory liens.

§ Subd. 6. Crop year. "Crop year" means: (1) for a crop, the calendar year in which it is harvested or to be harvested; (2) for animals, the calendar year in which they are born or acquired; and (3) for poultry or eggs, the calendar year in which they are sold or to be sold.

§ Subd. 7. Debtor. "Debtor" means an individual or other legal entity that has borrowed money from or is otherwise indebted to a lienholder or secured party and whose farm products are subject to a farm products statutory lien created by operation of law or a security interest, to secure payment of the obligation.

§ Subd. 8. Effective financing statement. "Effective financing statement" means a statement that meets the requirements of section 336A.03 .

§ Subd. 9. Farm product. "Farm product" means an agricultural commodity, a species of livestock used or produced in farming operations, or a product of a crop or the livestock in its unmanufactured state, that is in the possession of a person engaged in farming operations.

§ Subd. 10. Farm product dealer. "Farm product dealer" means a buyer in the ordinary course of business, a commission merchant, or a selling agent.

§ Subd. 11. Farm products statutory lien. "Farm products statutory lien" means a lien on farm products which is given by statute or other rule of law for services or materials and includes an agricultural lien as defined in sections 336.9-102 (a)(5); 514.963, subdivision 3 ; and 514.965, subdivision 2 ; and an agricultural producer's lien as provided in section 514.945 .

§ Subd. 12. Filing office. "Filing office" means the Office of the Secretary of State.

§ Subd. 13. Filing officer. "Filing officer" means the secretary of state or an agent of the secretary of state authorized to accept filings.

§ Subd. 14. Lienholder. "Lienholder" means an individual or other legal entity who has the right to collect money from a debtor and who has a farm products statutory lien.

§ Subd. 15. Lien notice. "Lien notice" means a statement that meets the requirements of section 336A.03 .

§ Subd. 16. Monthly list. "Monthly list" means information about debtors, secured parties, lienholders, and farm products that is produced by the secretary of state and distributed once a month. [See Note.]

§ Subd. 17. Person. "Person" means an individual, partnership, corporation, trust, or other business entity.

§ Subd. 18. Secured party. "Secured party" means an individual or other legal entity that has received a security interest in farm products to secure repayment of the obligation owed to it.

§ Subd. 19. Security interest. "Security interest" means an interest in farm products that secures payment or performance of an obligation.

§ Subd. 20. Selling agent. "Selling agent" means a person, other than a commission merchant, who is engaged in the business of negotiating the sale and purchase of a farm product on behalf of a person engaged in farming operations.