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Churchill Corbett, Spkr. Cornelius Daggett Dinkla Disney Drake Eddie Ertl Gipp Greig Greiner Gries Grundberg Hahn Hammitt Hanson Harrison Heaton Houser Hurley Huseman Jacobs Klemme Kremer Lamberti Larson Lord Main Martin Metcalf Meyer Nelson, B. Nutt Rants Renken Salton Schulte Siegrist Teig Thomson Tyrrell Vande Hoef Veenstra Weidman Welter Van Maanen, Presiding Absent or not voting, 8: Brammer Brand Grubbs Halvorson Larkin Millage Ollie Van Fossen Amendment H-3426 lost. Weigel of Chickasaw asked and received unanimous consent to withdraw amendment H-3381 filed by him on March 21, 1995. Weigel of Chickasaw asked and received unanimous consent to defer action on amendment H-3424. Weigel of Chickasaw offered the following amendment H-3425 filed by him and moved its adoption: H-3425 1 Amend House File 163 as follows: 2 1. Page 1, by inserting after line 7 the 3 following: 4 "Sec. ___. Section 9H.1, subsection 3, Code 1995, 5 is amended to read as follows: 6 3. "Authorized farm corporation" means a 7 corporation other than a family farm corporation 8 founded for the purpose of farming and the ownership 9 of agricultural land in which all of the following 10 applies: 11 a. The stockholders do not exceed twenty-five in 12 number; and. 13 b. The stockholders are all natural persons or 14 persons acting in a fiduciary capacity for the benefit 15 of natural persons or nonprofit corporations. 16 c. The stockholders holding seventy-five percent 17 or more of the control and financial investment in the 18 corporation are farmers residing in Iowa. 19 Sec. ___. Section 9H.1, Code 1995, is amended by 20 adding the following new subsection: 21 NEW SUBSECTION. 10A. "Farmer" means a person who 22 regularly participates in physical labor or the day-
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