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U.S. Code as of:
01/19/04
Section 431. Definitions
When used in this chapter (a) the term "agricultural products",
means agricultural, horticultural, viticultural, and dairy
products, food products of livestock, the products of poultry and
bee raising, the edible products of forestry, and any and all
products raised or produced on farms and processed or manufactured
products thereof, transported or intended to be transported in
interstate and/or foreign commerce.
(b) The words "board of trade" shall be held to include and mean
any exchange or association, whether incorporated or
unincorporated, of persons who shall be engaged in the business of
buying or selling agricultural products or receiving the same for
sale on consignment, except markets designated as contract markets
under the Commodity Exchange Act [7 U.S.C. 1 et seq.].
(c) The words "interstate commerce" shall be construed to mean
commerce between any State, Territory, or possession, or the
District of Columbia, and any place outside thereof; or between
points within the same State, Territory, or possession, or the
District of Columbia, but through any place outside thereof, or
within any Territory or possession, or the District of Columbia.
(d) For the purposes of this chapter (but not in any wise
limiting the foregoing definition of interstate commerce) a
transaction in respect to any article shall be considered to be in
interstate commerce if such article is part of that current of
commerce usual in dealing in agricultural products whereby they are
sent from one State with the expectation that they will end their
transit, after purchase, in another, including, in addition to
cases within the above general description, all cases where
purchase or sale is either for shipment to another State or for
manufacture within the State and the shipment outside the State of
the products resulting from such manufacture. Articles normally in
such current of commerce shall not be considered out of such
commerce through resort being had to any means or device intended
to remove transactions in respect thereto from the provisions of
this chapter. For the purpose of this paragraph the word "State"
includes Territory, the District of Columbia, possession of the
United States, and foreign nation.
(e) The word "person" shall be construed to import the plural or
singular, and shall include individuals, associations,
partnerships, corporations, and trusts.
(f) The act, omission, or failure of any official, agent, or
other person acting for any individual, association, partnership,
corporation, or trust, within the scope of his employment or
office, shall be deemed the act, omission, or failure of such
individual, association, partnership, corporation, or trust, as
well as of such official, agent, or other person.
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