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House Journal: Page 1435: Thursday, April 9, 1998

 9     35.  Page 9, by inserting after line 13 the
10   following:
11     "c.  Less than fifty percent of the interest in the
12   farmers cooperative limited liability company is held
13   by members which are parties to intra-company loan
14   agreements.  If more than one type of membership
15   interest is established, including any series as
16   provided in section 490A.305 or any class or group as
17   provided in section 490A.307, less than fifty percent
18   of the interest in each type of membership shall be
19   held by members which are parties to intra-company
20   loan agreements.
21     d.  The farmers cooperative limited liability
22   company does not own swine or contract for the care
23   and feeding of swine, if a member of the farmers
24   cooperative limited liability company is a regional
25   cooperative association."
26     36.  Page 9, line 31, by striking the words "one
27   thousand five hundred" and inserting the following:
28   "six hundred forty".
29     37.  Page 10, by striking lines 5 and 6 and
30   inserting the following:  "law, the farmers
31   cooperative limited liability".
32     38.  Page 10, line 18, by striking the figure
33   "10.13" and inserting the following:  "10.12".
34     39.  Page 10, line 32, by striking the figure
35   "10.13" and inserting the following:  "10.12".
36     40.  Page 12, by striking line 13 and inserting
37   the following:  "corporation as defined in section
38   9H.1 or networking farmers corporation as defined in
39   section 10.1, holding an".
40     41.  Page 12, by striking lines 29 through 31 and
41   inserting the following:  "including an authorized
42   limited liability company as defined in section 9H.1,
43   or a networking farmers limited liability company or
44   farmers cooperative limited liability company as
45   defined in section 10.1, holding an interest in
46   agricultural".
47     42.  Page 14, line 16, by striking the words "ten
48   percent or less of" and inserting the following:
49   "less than a ten percent interest in".
50     43.  Page 15, by striking lines 9 through 13.

Page 9

 1     44.  Page 15, by striking lines 25 and 26.
 2    45.  By renumbering as necessary.
The motion prevailed and the House concurred in the Senate
amendment H-8995.
Greig of Emmet moved that the bill, as amended by the Senate and
concurred in by the House, be read a last time now and placed
upon its passage which motion prevailed and the bill was read a
last time.

© 1998 Cornell College and League of Women Voters of Iowa

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Last update: Fri Apr 10 13:40:04 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01400/01435.html
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