atory ▁requirements ▁have ▁been ▁strictly ▁interpreted ▁by ▁the ▁courts . ▁For ▁example , ▁it ▁has ▁been ▁held ▁that ▁a ▁far mer ▁cannot ▁wa ive ▁the ▁secured ▁cred itor ' s ▁oblig ation ▁to ▁given ▁notice ▁of ▁intention ▁to ▁en force ▁security , ▁even ▁where ▁it ▁has ▁been ▁included ▁in ▁a ▁med iation ▁agreement . ▁However , ▁a ▁stay ▁cannot ▁affect ▁the ▁appointment ▁already ▁in ▁effect ▁of ▁an ▁inter im ▁receiver ▁for ▁the ▁purposes ▁of ▁pres erving ▁the ▁estate ▁of ▁a ▁bank rupt ▁for ▁the ▁benefit ▁of ▁credit ors , ▁as ▁it ▁is ▁not ▁a ▁proceed ing ▁for ▁the ▁recovery ▁of ▁a ▁deb t . ▁ ▁Because ▁the ▁Act ▁covers ▁only ▁far ming ▁operations ▁that ▁are ▁operated ▁" with ▁a ▁commercial ▁purpose ", ▁the ▁courts ▁have ▁de vised ▁a ▁list ▁of ▁factors ▁to ▁consider ▁whether ▁such ▁is ▁the ▁case : ▁▁ ▁the ▁deb tor ▁has ▁dedicated ▁most ▁his / her ▁land ▁to ▁a ▁far ming ▁activity ; ▁ ▁the ▁far ming ▁activity ▁is ▁entirely ▁the ▁result ▁of ▁the ▁deb tor ’ s ▁efforts ; ▁ ▁the ▁deb tor ▁has ▁claimed ▁far ming ▁losses ; ▁ ▁the ▁deb tor ▁has ▁engaged ▁in ▁far ming ▁activities ▁both ▁before ▁and ▁since ▁obtain ing ▁the ▁deb t ; ▁and ▁ ▁the ▁deb tor ▁int ends ▁to ▁make ▁an ▁event ual ▁profit ▁from ▁the ▁far ming ▁activity . ▁ ▁Further ▁reading ▁ ▁Notes ▁ ▁References ▁ ▁External ▁links ▁ ▁Con ne cted ▁legisl ation ▁( as ▁am ended ) ▁▁▁▁▁ ▁Administration ▁of ▁Act ▁▁▁ ▁Category : History ▁of ▁agricult