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First purchaser A firm that acquires ownership of domestic crude oil by a first purchase transaction. Physical custody of the crude oil is not a prerequisite. In the case of multiple owners, only one firm should re [..]
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First purchaserAccording to 7 USCS § 6302 (Title 7, Agriculture, Chapter 92, Soybean Promotion, Research, and Consumer Information), “the term "first purchaser" means--
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First purchaser"First purchaser" means any person, corporation, association or partnership that buys wheat from the grower in the first instance, or any lienholder, public or private, who may possess wheat [..]
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