10.2 - INTERESTS DESCRIBED.
10.2 INTERESTS DESCRIBED.
As used in this chapter, the following apply:
1. A person holds an interest in agricultural land if the person
either directly or indirectly owns or leases the agricultural land in
this state.
2. A person holds an interest in a farmers entity if the person
holds an interest as any of the following:
a. A shareholder of a networking farmers corporation.
b. A member of a networking farmers limited liability
company.
c. A member of a farmers cooperative association.
d. A member of a farmers cooperative limited liability
company. Section History: Recent Form
98 Acts, ch 1110, §102, 301