P.R. Laws tit. 5, § 430
The following terms and phrases, as used in this chapter, shall have the meaning stated below, except when it is otherwise clearly indicated in the context:
(a) Assets. — Shall mean any thing owned by a person or enterprise.
(b) Authority. — Shall mean the Puerto Rico Land Authority, created by §§ 241 et seq. of Title 28.
(c) Sugar. — Shall mean the product in crystal form extracted from sugarcane.
(d) Bank. — Shall mean the Government Development Bank for Puerto Rico, created by §§ 551 et seq. of Title 7.
(e) Batey. — Shall mean the area or site occupied by the sugar mill, refinery, dwellings, sheds, warehouses, boilers and other facilities surrounding the sugar mill which are necessary for its operation.
(f) Cane. — Shall mean a gramineous plant of the genus Sacharum with a ligneous and knotty stem measuring between three (3) and four (4) meters in height, from which sugar is extracted.
(g) Central (sugar mill). — Shall mean a system of machinery to grind the cane and obtain sugar.
(h) Colono. — Shall mean any natural or juridical person or public corporation in Puerto Rico who presently or in the future participates in the planting and harvesting of sugarcane which is sent to a sugar mill where said cane is to be ground.
(i) Corporation. — Shall mean the Puerto Rico Sugar Corporation, created by Resolution No. 27, approved by the Board of Governors of the Authority on January 29, 1973.
(j) Department. — Shall mean the Department of Agriculture of Puerto Rico, created by §§ 351 et seq. of Title 3.
(k) Enterprise(s). — Shall mean the juridical person(s) constituted by the colonos to execute the purposes of this chapter.
(l) Date of transfer. — Shall mean the date or dates on which the transfer of certain assets and liabilities of the Corporation and/or the Authority is made to the enterprises created by the colonos. Each date of transfer shall refer to an asset or assets transferred at that specific moment.
(m) Government of Puerto Rico or Government. — Shall mean the Government of the Commonwealth of Puerto Rico.
(n) Act. — Shall mean the Transfer of Assets of the Puerto Rico Sugar Corporation and/or the Puerto Rico Land Authority Act.
(o) Liability. — Shall mean the total amount of a debt or lien of a person or entity.
(p) Refinery. — Shall mean the plant to refine the sugar extracted from the cane.
(q) Secretary. — Shall mean the Secretary of Agriculture of Puerto Rico.
(r) Variety. — Shall mean each of the classes into which the Saccharum officinarum species is divided, according to their special characteristics.
History —Sept. 5, 1996, No. 189, § 2; Dec. 28, 1997, No. 202, § 1.