North Dakota § 4.1-58-21 Credit-sale contracts

North Dakota Statutes

§ 4.1-58-21 — Credit-sale contracts

North Dakota § 4.1-58-21

Title 4.1Agriculture

Ch. 4.1-58Grain and Seed Warehouses

This text of North Dakota § 4.1-58-21 (Credit-sale contracts) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 4.1-58-21 (2026).

Text

may be paid more than thirty days after the delivery or release of the grain for sale, only that part of the contract is a credit-sale contract.

2."Deferred-payment contract" means a credit-sale contract for which the amount owed for the sale of grain has been established, but the payment is postponed until a later date.

3."Grain" means wheat, durum, oats, rye, barley, buckwheat, flaxseed, speltz, safflower, sunflower seeds, tame mustard, peas, beans, soybeans, corn, clover, millet, alfalfa, and any other commercially grown grain or grass seed. "Grain" as defined in this chapter does not include grain or grass seeds owned by or in the possession of the warehouseman which have been cleaned, processed, and specifically identified for an intended use of planting for reproduction and for whi

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may be paid more than thirty days after the delivery or release of the grain for sale,
only that part of the contract is a credit-sale contract.
2. "Deferred-payment contract" means a credit-sale contract for which the amount owed
for the sale of grain has been established, but the payment is postponed until a later
date.
3. "Grain" means wheat, durum, oats, rye, barley, buckwheat, flaxseed, speltz, safflower,
sunflower seeds, tame mustard, peas, beans, soybeans, corn, clover, millet, alfalfa,
and any other commercially grown grain or grass seed. "Grain" as defined in this
chapter does not include grain or grass seeds owned by or in the possession of the
warehouseman which have been cleaned, processed, and specifically identified for an
intended use of planting for reproduction and for which a warehouse receipt has not
been issued.
4. "Noncredit-sale contract" means a contract for the sale of grain other than a credit-sale
contract.
5. "Public warehouse" means an elevator, mill, warehouse, subterminal, grain
warehouse, terminal warehouse, or other structure in which grain is received for
storing, buying, selling, shipping, or processing for compensation.
6. "Public warehouseman" means the person operating a public warehouse located or
doing business within this state, regardless of whether the owner or operator resides
within this state. The term does not include a person permitted to sell seed under
chapter 4.1-53, if that person does not store grain for the public and buys grain only for
processing and subsequent resale as seed, or an authorized dealer or agent of a seed
company holding a permit in accordance with section 4.1-53-43.
7. "Receipts" means grain warehouse receipts, scale tickets, checks, or other
memoranda given by a public warehouseman for, or as evidence of, the receipt,
storage, or sale of grain except when the memoranda was received as a result of a
credit-sale contract.
8. "Receiving station" means any facility other than an individually licensed warehouse
which is used by a licensed public warehouseman to receive and temporarily store
grain before transferring the grain to the warehouseman's primary licensed warehouse
location or delivering it directly to market.