126.16 Grain dealers; security.
126.17 Grain dealers; records.
126.18 Grain dealers; receipts for grain.
126.19 Grain dealers; deferred payment contracts.
126.20 Grain dealers; business practices.
126.21 Grain producer obligations.
SUBCHAPTER IV
GRAIN WAREHOUSE KEEPERS
126.26 Grain warehouse keepers; licensing.
126.27 Grain warehouse keepers; insurance.
126.28 Grain warehouse keepers; financial statements.
126.29 Contributing grain warehouse keepers; disqualification.
126.30 Grain warehouse keepers; fund assessments.
126.31 Grain warehouse keepers; security.
126.32 Grain warehouse keepers; records.
126.33 Receipts for grain.
126.34 Grain warehouse keepers; business practices.
SUBCHAPTER V
MILK CONTRACTORS
126.41 Milk contractors; licensing.
126.42 Milk contractors; monthly license fee.
126.43 Milk contractors; insurance.
126.44 Milk contractors; financial statements.
126.45 Contributing milk contractors; disqualification.
126.46 Contributing milk contractors; fund assessments.
126.47 Milk contractors; security.
126.48 Milk contractors; payments to producers.
126.485 Milk contractors; deferred payment contracts.
126.487 Payment explanation.
126.49 Milk contractors; records and reports.
126.50 Milk contractors; prohibited practices.
126.51 Rules for qualified producer agents.
SUBCHAPTER VI
VEGETABLE CONTRACTORS
126.56 Vegetable contractors; licensing.
126.57 Vegetable contractors; insurance.
126.58 Vegetable contractors; financial statements.
126.59 Contributing vegetable contractors; disqualification.
126.595 Processing potato buyer optional nonparticipation.
126.60 Contributing vegetable contractors; fund assessments.
126.61 Vegetable contractors; security.
126.62 Vegetable contractors; records.
126.63 Vegetable contractors; business practices.
126.64 Vegetable contractors; prohibited practices.
SUBCHAPTER VII
RECOVERY PROCEEDINGS
126.70 Recovery proceedings.
126.71 Paying default claims.
126.72 Claims against contributing contractor; payment sources.
126.73 Reimbursing payments.
SUBCHAPTER VIII
ADMINISTRATION AND ENFORCEMENT
126.80 Department authority; general.
126.84 Records; confidentiality.
126.88 Modifying fund assessments.
126.90 Agricultural producer security council.
GENERAL
126.01
126.01
General definitions. In this chapter:
126.01(1)
(1) “Affiliate" means any of the following persons:
126.01(1)(a)
(a) An owner, major stockholder, partner, officer, director, member, employee, or agent of a contractor.
126.01(1)(b)
(b) A person owned, controlled, or operated by a person under par.
(a).
126.01(2)
(2) “Asset" means anything of value owned by a person.
126.01(3)
(3) “Audited financial statement" means a financial statement on which an independent certified public accountant licensed or certified under ch.
442 has done all of the following:
126.01(3)(a)
(a) Stated that the financial statement presents fairly, in all material respects, the financial position of a contractor as of a specific date or for a specific period, according to one of the following:
126.01(3)(a)2.
2. The historical cost basis method of accounting, if the financial statement is a sole proprietor's personal financial statement and the financial statement is prepared on a historical cost basis.
126.01(3)(b)
(b) Conducted an audit according to generally accepted auditing standards.
126.01(4)
(4) “Balance sheet" means a statement of assets, liabilities, and equity on a specific date.
126.01(5)
(5) “Contractor," unless otherwise qualified, means any of the following:
126.01(6)
(6) “Current assets" means cash and other assets, including trade or investment items, that may be readily converted into cash in the ordinary course of business within one year after the date as of which the value of those assets is determined.
126.01(7)
(7) “Current liabilities" means those liabilities that are due within one year after the date as of which the value of those liabilities is determined.
