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Title 7 Part 1220 → Subpart A → §1220.110

Title 7 → Subtitle B → Chapter XI → Part 1220 → Subpart A → §1220.110

Electronic Code of Federal Regulations e-CFR

Title 7 Part 1220 → Subpart A → §1220.110

e-CFR data is current as of January 16, 2020

Title 7Subtitle BChapter XIPart 1220Subpart A → §1220.110


Title 7: Agriculture
PART 1220—SOYBEAN PROMOTION, RESEARCH, AND CONSUMER INFORMATION
Subpart A—Soybean Promotion and Research Order


§1220.110   First purchaser.

The term first purchaser means—

(a) except as provided in paragraph (b) of this section, any person buying or otherwise acquiring from a producer soybeans produced by such producer; or

(b) In any case in which soybeans are pledged as collateral for a loan issued under any Commodity Credit Corporation price support loan program and the soybeans are forfeited by the producer in lieu of loan repayment, the Commodity Credit Corporation.

[56 FR 31049, July 9, 1991, as amended at 56 FR 42923, Aug. 30, 1991; 57 FR 31095, July 14, 1992]