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2021 Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 10 - AGRICULTURAL LANDHOLDING RESTRICTIONS
Section 10.8 - Multiple interests restricted.
Universal Citation: IA Code § 10.8 (2021)
10.8 Multiple interests restricted.
1. A person who holds an interest in a farmers cooperative association holding an interest in agricultural land pursuant to section 10.7 shall not hold an interest in another farmers entity if any of the following applies:
a. The person holds a twenty-five percent or greater interest in a farmers cooperative association having six or fewer members.
b. The person holds a fifteen percent or greater interest in a farmers cooperative association having seven or more members.
2. A person who holds a majority interest in an authorized entity shall not hold a majority interest in a farmers cooperative association.
98 Acts, ch 1110, §108, 301
Referred to in §10.12
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