[Code of Federal Regulations]

[Title 9, Volume 2]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 9CFR205.1]



[Page 64]

 

                  TITLE 9--ANIMALS AND ANIMAL PRODUCTS

 

  CHAPTER II--GRAIN INSPECTION, PACKERS AND STOCKYARDS ADMINISTRATION 

       (PACKERS AND STOCKYARDS PROGRAMS),DEPARTMENT OF AGRICULTURE

 

PART 205_CLEAR TITLE_PROTECTION FOR PURCHASERS OF FARM PRODUCTS--Table 

of Contents

 

Sec. 205.1  Definitions.









                               Definitions



Sec.

205.1 Definitions.



                               Regulations



205.101 Certification--request and processing.

205.102 Name of person subjecting a farm product to a security interest, 

          on EFS and master list--format.

205.103 EFS--minimum information.

205.104 Registration of buyer, commission merchant, or selling agent--

          minimum information.

205.105 Master list and portion thereof distributed to registrants--

          format.

205.106 Farm products.

205.107 Crop year.



                          Interpretive Opinions



205.201 System operator.

205.202 ``Effective financing statement'' or EFS.

205.203 Place of filing EFS.

205.204 Filing ``notice'' of EFS.

205.205 Fees.

205.206 Farm products.

205.207 ``Amount'' and ``reasonable description of the property.''

205.208 Distribution of portions of master list--registration--

          information to non-registrants on request.

205.209 Amendment or continuation of EFS.

205.210 Effect of EFS outside State in which filed.

205.211 Applicability of court decisions under the UCC.

205.212 ``Buyer in ordinary course of business'' and ``security 

          interest.''

205.213 Obligations subject--``person indebted''--``debtor.''

205.214 Litigation as to whether a system is operating in compliance 

          with the Section.



    Authority: 7 U.S.C. 1631 and 7 CFR 2.22, 2.81.



    Source: 51 FR 29451, Aug. 18, 1986, unless otherwise noted.



                               Definitions





    Terms defined in section 1324 of the Food Security Act of 1985, Pub. 

L. 99-198, 99 Stat. 1535, 7 U.S.C. 1631, shall mean the same in this 

part as therein. In addition, except as otherwise specified, as used in 

this part:

    (a) The Secretary means the Secretary of Agriculture of the United 

States;

    (b) The Section means section 1324 of the above-cited Act, and 

``subsection'' means a subsection of that Section;

    (c) System means central filing system as defined in subsection 

(c)(2);

    (d) EFS means effective financing statement as defined in subsection 

(c)(4);

    (e) System operator means Secretary of State or other person 

designated by a State to operate a system;

    (f) Registrant means any buyer of farm products, commission 

merchant, or selling agent, as referred-to in the Section, registered 

with a system under subsection (c)(2)(D);

    (g) Master list means the accumulation of data in paper, electronic, 

or other form, described in subsection (c)(2)(C);

    (h) Portion means portion of the master list distributed to 

registrants under subsection (c)(2)(E);

    (i) UCC or Uniform Commercial Code means the Uniform Commercial Code 

prepared under the joint sponsorship of the American Law Institute and 

the National Conference of Commissioners on Uniform State Laws, and in 

effect in most States of the United States at the time of enactment of 

Pub. L. 99-198.



                               Regulations