10.2 - INTERESTS DESCRIBED. - Iowa Statutes

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