![]() |
Iowa Code (Last Updated: December 05, 2016) |
![]() |
Title I. STATE SOVEREIGNTY AND MANAGEMENT |
![]() |
Chapter 10. AGRICULTURAL LANDHOLDING RESTRICTIONS |
Section 10.12. Multiple interests restricted — penalties.
Latest version.
-
1. A civil penalty of not more than one thousand dollars may be imposed on a person who becomes one of the following:
a. A stockholder of a networking farmers corporation as prohibited in section 10.4.
b. A member of a networking farmers limited liability company as prohibited in section 10.6.
c. A member of a farmers cooperative association as prohibited in section 10.8.
2. The person violating the section shall divest the interest held by the person in a farmers entity or authorized entity as is necessary to comply with this chapter, as provided in section 10.13.