Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
1562.0100 DEFINITIONS.
Subpart 1.
Scope.
For the purposes of this chapter, the terms defined in this part have the meanings given them.
Subp. 2.
Bond.
"Bond" means an obligation acceptable to and running to the state, as obligee, for the purpose of:
A.
indemnifying producers of grain against the breach of a cash sale contract by a grain buyer licensed under Minnesota Statutes, chapter 223;
B.
indemnifying depositors of grain against the breach of a grain storage contract by a public grain warehouse operator licensed under Minnesota Statutes, chapter 232; or
C.
indemnifying depositors of grain against the breach of a grain bank storage contract by a public or private grain warehouse operator licensed under Minnesota Statutes, chapter 236.
Subp. 26.
Warehouse.
"Warehouse" means all or a portion of a building, structure, or other protected enclosure in which grain is or may be stored.
History:
12 SR 2392; 14 SR 2583; L 2012 c 244 art 1 s 83
Published Electronically:
August 6, 2012
Official Publication of the State of Minnesota
Revisor of Statutes