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2020 Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 10 - AGRICULTURAL LANDHOLDING RESTRICTIONS
Section 10.12 - Multiple interests restricted — penalties.
Universal Citation: IA Code § 10.12 (2020)
10.12 Multiple interests restricted — penalties.
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.
98 Acts, ch 1110, §112, 301
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