By “sharecropping contract” shall be understood any verbal or written agreement by virtue of which one of the parties agrees to cultivate tillable land of the other party and the latter agrees to pay to the former for said work a share of the crops harvested or of the market value thereof.
Said contracts, whatever the manner in which they have been executed, shall be binding, provided they have the essential conditions for their validity.
History —May 4, 1931, No. 76, p. 466, § 1, eff. 90 days after May 4, 1931.