26-4-1-8. Repealed
As added by P.L.250-1995, SEC.1. Amended by P.L.75-2010, SEC.16. Repealed by P.L.32-2021, SEC.73.
26-4-1-9. “Director”
Sec. 9. “Director” means the director of the agency (as defined in section 3 of this chapter). As added by P.L.250-1995, SEC.1.
26-4-1-10. “Failed” or “Failure”
Sec. 10. “Failed” or “failure” means any of the following: (1) An inability of a licensee to financially satisfy fully all obligations due a claimant. (2) A public declaration of a licensee’s insolvency. (3) The nonpayment of a licensee’s debts in the ordinary course of business if there is not a good faith dispute. (4) […]
26-4-1-11. “Financial Loss”
Sec. 11. “Financial loss” means a loss resulting from a producer not being fully paid for grain that has been delivered and sold to a grain buyer, net of any outstanding charges against the grain. As added by P.L.250-1995, SEC.1.
26-4-1-12. “Fund”
Sec. 12. “Fund” means the Indiana grain indemnity fund established under IC 26-4-4-1. As added by P.L.250-1995, SEC.1.
26-4-1-13. “Grain”
Sec. 13. “Grain” means corn for all uses, popcorn, wheat, oats, rye, soybeans, barley, sorghum, oil seeds, other agricultural commodities as approved by the agency, and seed (as defined in IC 26-3-7-2(28)). The term does not include canning crops for processing or sweet corn. As added by P.L.250-1995, SEC.1. Amended by P.L.173-1999, SEC.15; P.L.1-2006, SEC.484; […]
26-4-1-14. “Grain Buyer”
Sec. 14. “Grain buyer” means a person licensed under IC 26-3-7 who is engaged in Indiana in the business of buying grain from producers. As added by P.L.250-1995, SEC.1. Amended by P.L.75-2010, SEC.19.
26-4-1-15. “Grain Indemnity Program”
Sec. 15. “Grain indemnity program” means the system created by this article to have the board pay money out of the fund to producers having losses due to a failure. As added by P.L.250-1995, SEC.1.
26-4-1-1. Applicability of Law
Sec. 1. This article applies to a grain buyer (as defined in section 14 of this chapter). As added by P.L.250-1995, SEC.1.
26-4-1-15.5. “Licensee”
Sec. 15.5. “Licensee” has the meaning set forth in IC 26-3-7-2(24). As added by P.L.145-2017, SEC.13. Amended by P.L.208-2021, SEC.9.