§ 122D-3. Definitions. - North Carolina Statutes

§122D‑3.  Definitions.

As used in this Chapter, thefollowing terms, unless the context clearly indicates a different meaning,shall have the following meanings:

(1)        "AgriculturalLoan" means a loan made by a lending institution or by the Authority toany person for the purpose of financing or refinancing land acquisition orimprovement; soil conservation; irrigation; construction, renovation orexpansion of buildings and facilities; purchase of farm fixtures, livestock,poultry, and fish of any kind; seeds; fertilizers; pesticides; feeds;machinery; equipment; containers or supplies or any other products employed inthe production, cultivation, harvesting, storage, marketing, distribution orexport of agricultural products.

(2)        "Agriculture"means the commercial production, storage, processing, marketing, distributionor export of any agronomic, floricultural, horticultural, viticultural,silvicultural or aquacultural crop including, but not limited to, farmproducts, livestock and livestock products, poultry and poultry products, milkand dairy products, fruit and other horticultural products, and seafood andaquacultural products.

(3)        "Authority"means the North Carolina Agricultural Finance Authority created by thisChapter.

(4)        "Bonds" or"notes" means the bonds, notes, renewal notes, refunding bonds,interim certificates, certificates of indebtedness, debentures, warrants,commercial paper, or other obligations or evidences of indebtedness authorizedto be issued by the Authority pursuant to the provisions of this Chapter.

(5)        "Commissioner"means the North Carolina Commissioner of Agriculture.

(6)        "Department"means the North Carolina Department of Agriculture and Consumer Services.

(7)        "Federalgovernment" means the United States of America and any agency orinstrumentality, corporate or otherwise, of the United States of America.

(8)        "Lendinginstitution" means any bank, bank or trust company, federal land bank,production credit association, bank for cooperatives, building and loanassociation, homestead, insurance company, investment banker, mortgage bankeror company, pension or retirement fund, savings bank or savings and loanassociation, small business investment company, credit union, the federalgovernment or any other financial institution authorized to do business inNorth Carolina or operating under the supervision of any federal agency or anycorporation organized or operating pursuant to Section 25 of the FederalReserve Act.

(9)        "Persons"means any individual, partnership, firm, corporation, company, cooperative,association, society, trust or any other business unit or entity, including anystate or federal agency.

(10)      "State"means the State of North Carolina or any agency or instrumentality thereof. (1983,c. 789, s. 1; 1985 (Reg. Sess., 1986), c. 1011, s. 1; 1987, c. 112, s. 3; 1989(Reg. Sess., 1990), c. 1074, s. 32(b); 1997‑261, s. 85.)