§431 Definitions

Summary

Defines important words used in this chapter so people know what the rules cover. "Agricultural products" means farm and food goods — like crops, dairy, livestock food, poultry and bee products, forest food, and any farm-grown items or their processed forms that are moved or meant to be moved in interstate or foreign trade. "Board of trade" means any exchange or group that buys, sells, or handles those farm products for others, except certain contract markets under the Grain Futures Act. "Interstate commerce" means trade between a State, Territory, possession, or the District of Columbia and places outside them, or trade that passes through those places even if it starts and ends in the same State. A sale or shipment is treated as interstate commerce if it is part of the usual flow of farm goods sent from one State with the expectation they will end up in another, including sales for shipment or for making products that will be shipped out. For that rule, "State" also includes Territories, the District of Columbia, U.S. possessions, and foreign countries. "Person" covers one or more people and business types like associations, partnerships, corporations, and trusts. Acts or failures by an official, agent, or worker done within their job are treated as acts or failures of the person or business they work for.