Oklahoma Statutes
Title 4. Animals
§4-201.2. Definitions.

As used in the Livestock Owner’s Lien Act of 2011:

1. “Affiliate” means any person who is controlled, directly or indirectly, by a first purchaser, or who controls, directly or indirectly, a first purchaser. "Control" or "controlled by" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through ownership, by contract, or otherwise;
2. "Agreement to sell" means any enforceable agreement, whether oral or written, by which a livestock owner, either directly or through a sales agent, agrees to sell livestock to a first purchaser;
3. "Article 9" means Article 9 of the Oklahoma Uniform Commercial Code in effect as of the relevant date or a comparable article under the uniform commercial code of another state to the extent applicable;
4. "First purchaser" means the first person that purchases livestock, either directly or through a sales agent, under an agreement to sell;
5. “Livestock” means cattle, bison, horses, sheep, goats, asses, mules, swine, domesticated rabbits, chickens, turkeys, or any domesticated animal raised primarily for human food consumption;
6. "Livestock owner" means a person owning an interest in livestock before the acquisition thereof by a first purchaser;
7. “Owner’s lender” means a person that has a valid mortgage lien or security interest in a livestock owner’s livestock at the time of delivery of such Livestock to the first purchaser;
8. "Owner’s lien" means the lien granted by this act;
9. "Permitted lien" means any of the following liens or security interests:
10. "Person" means any individual, executor, administrator, estate, agent, trust, trustee, institution, receiver, business trust, firm, business entity, corporation, partnership, limited liability company, cooperative, joint venture, governmental entity or agency, association or any other group or combination acting as a unit;
11. "Proceeds" means:
12. "Purchaser" means a person who is not an affiliate of a first purchaser and who takes, receives or purchases livestock from a first purchaser;
13. "Sales agent" means any person who is authorized, including, without limitation, a livestock auction, auctioneer, commission company, or broker, to sell livestock on behalf of, or for the benefit of, another person; and
14. "Sales price" means the amount a first purchaser agrees to pay a livestock owner or sales agent under an agreement to sell.
Added by Laws 2011, c. 123, § 3, eff. Nov. 1, 2011.

Structure Oklahoma Statutes