Section 2-19-100 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) COMMISSIONER. The Commissioner of Agriculture and Industries. (2) COTTON PRODUCER. A person who grows cotton. (3) COTTON BUYER. A person who buys cotton from a producer on a forward […]
Section 2-19-101 Required. (a) No person may purchase cotton on a forward contract from a cotton producer without first having registered with the commissioner as a cotton buyer. (b) It shall be a misdemeanor to violate subsection (a) of this section and, upon conviction, the punishment imposed shall be as prescribed by law. (Acts 1975, […]
Section 2-19-102 Application; fee. (a) Each person who wants to engage in activities in this state which require registration under this article shall file with the commissioner an application for registration. (b) The application shall include: (1) The name and address of the applicant; and (2) The name of each trade association relating to cotton […]
Section 2-19-103 Registration of applicant by commissioner. No later than 30 days after the filing of an application for registration as a cotton buyer, the commissioner shall register the applicant. (Acts 1975, No. 1243, §4.)
Section 2-19-104 Duration of registration. A registration under this article shall be valid for a period of one year after the date of registration. (Acts 1975, No. 1243, §2.)
Section 2-19-105 Publication, etc., by commissioner of list of registered cotton buyers. The commissioner shall publish a list of all registered cotton buyers and shall provide a copy of the list to interested persons without charge. The list may include the number of years that the person has been registered in this state as a […]
Section 2-19-106 Disposition of funds. All funds collected under this article shall be deposited into the Agricultural Fund of the State Treasury and shall be used for the purpose of administering and enforcing this article. (Acts 1975, No. 1243, §7; Act 2004-516, p. 996, §1.)
