Oklahoma § 2-9-21 Definitions.

Oklahoma Statutes

§ 2-9-21 — Definitions.

Oklahoma § 2-9-21

Title 2Agriculture

This text of Oklahoma § 2-9-21 (Definitions.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 2, § 2-9-21 (2026).

Text

As used in the Public Warehouse and Commodity Indemnity Act: 1. “Charter” means a franchise issued to a person for the operation of a public warehouse; 2. “Commodities” means nonperishable grains or seeds; 3. “Depositor” means any person storing commodities with a state-chartered or federally licensed warehouse; 4. “Electronic document” means a document that is generated, sent, received, or stored by electronic data interchange, electronic mail, telegram, telex, or telecopy; 5. “Electronic receipt” means a receipt that is authorized by the State Board of Agriculture to be issued under this act in the form of an electronic document; 6. “Full market value” means the value required by law to be used by insurance underwriters in paying for losses of commodities insured for their actual cash va

Free access — add to your briefcase to read the full text and ask questions with AI

As used in the Public Warehouse and Commodity Indemnity Act: 1. “Charter” means a franchise issued to a person for the operation of a public warehouse; 2. “Commodities” means nonperishable grains or seeds; 3. “Depositor” means any person storing commodities with a state-chartered or federally licensed warehouse; 4. “Electronic document” means a document that is generated, sent, received, or stored by electronic data interchange, electronic mail, telegram, telex, or telecopy; 5. “Electronic receipt” means a receipt that is authorized by the State Board of Agriculture to be issued under this act in the form of an electronic document; 6. “Full market value” means the value required by law to be used by insurance underwriters in paying for losses of commodities insured for their actual cash value; 7. “Indemnity” means the Oklahoma Commodity Storage Indemnity Fund; 8. “Loss” means any monetary reduction in value to a producer of an extraordinary nature and which shall include, but not be limited to, bankruptcy, embezzlement, theft or fraud; 9. “Producer” means any person planting, raising, growing, or harvesting commodities; 10. “Public warehouse” means any place where commodities are received for storage, received for transfer to other public warehouses, or both; 11. “Storage” or “warehousing” means any method of holding commodities by a party other than the direct owner except for transportation; 12. “Warehouseman” means any person operating a public warehouse; and 13. “Warehouse receipt” means every receipt issued by a warehouseman for commodities pursuant to the Public Warehouse and Commodity Indemnity Act.

Legislative History

Added by Laws 1955, p. 79, art. 9(B), § 1. Amended by Laws 1977, c. 106, § 1, emerg. eff. May 27, 1977; Laws 1987, c. 125, § 2, emerg. eff. June 2, 1987; Laws 1988, c. 149, § 1, emerg. eff. May 2, 1988; Laws 1990, c. 155, § 1, emerg. eff. May 1, 1990; Laws 1997, c. 10, § 1, eff. July 1, 1997; Laws 2000, c. 243, § 84, emerg. eff. May 24, 2000; Laws 2001, c. 119, § 1, eff. Nov. 1, 2001.