Section 10.2. Interests described.

Latest version.

  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.
98 Acts, ch 1110, §102, 301

                    
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