North Carolina § 106-418.3 Definitions

North Carolina Statutes

§ 106-418.3 — Definitions

North Carolina § 106-418.3

Ch. 106Agriculture

Art. 35ANorth Carolina Livestock Prompt Pay Law

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Bluebook

N.C. Gen. Stat. § 106-418.3 (2026).

Text

As used in this Article, unless the context clearly requires otherwise:

(1)"Banking business day" means a day in which banks are normally open for business in North Carolina.

(2)"Commissioner" means the Commissioner of Agriculture of North Carolina or his designated agent or agents.

(3)"Custodial accounts" means custodial accounts for trust funds as explained in the Code of Federal Regulations, January 1, 1972, § 201.42.

(4)The "North Carolina Public Livestock Market Advisory Board" means the Board established under G.S. 106-407.1.

(5)"Public livestock market" means livestock sales at a market duly licensed under G.S. 106-406. (1973, c. 38, s. 3; 1975, c. 19, s. 33.)

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As used in this Article, unless the context clearly requires otherwise:
(1) "Banking business day" means a day in which banks are normally open for business in North Carolina.
(2) "Commissioner" means the Commissioner of Agriculture of North Carolina or his designated agent or agents.
(3) "Custodial accounts" means custodial accounts for trust funds as explained in the Code of Federal Regulations, January 1, 1972, § 201.42.
(4) The "North Carolina Public Livestock Market Advisory Board" means the Board established under G.S. 106-407.1.
(5) "Public livestock market" means livestock sales at a market duly licensed under G.S. 106-406. (1973, c. 38, s. 3; 1975, c. 19, s. 33.)