10B.1  Definitions.

As used in this chapter, unless the context otherwise requires:

1.  "Agricultural land" means the same as defined in section 9H.1.

2.  "Cooperative association" means any entity organized on a cooperative basis, including an association of persons organized under chapter 497, 498, or 499; an entity composed of entities organized under those chapters; or a cooperative corporation organized under chapter 501.

3.  "Corporation" means a domestic or foreign corporation, including an entity organized pursuant to chapter 490, or a nonprofit corporation.

4.  "Farming" means the same as defined in section 9H.1.

5.  "Foreign business" means the same as defined in section 567.1.

6.  "Foreign government" means the same as defined in section 567.1.

7.  "Limited liability company" means a foreign or domestic limited liability company, including a limited liability company as defined in section 490A.102.

8.  "Limited partnership" means a foreign or domestic limited partnership, including a limited partnership as defined in section 487.101, subsection 7, and a domestic or foreign limited liability limited partnership under section 487.1301 or 487.1303.

9.  "Nonprofit corporation" means any of the following:

a.  A corporation organized under the provisions of former chapter 504 or chapter 504A.

b.  A corporation which qualifies under Title 26, section 501, of the United States Code.

10.  "Nonresident alien" means the same as defined in section 567.1.

11.  "Reporting entity" means any of the following:

a.  A corporation, other than a family farm corporation as defined in section 9H.1, including an authorized farm corporation as defined in section 9H.1 or networking farmers corporation as defined in section 10.1, holding an interest in agricultural land in this state.

b.  A cooperative association holding an interest in agricultural land in this state.

c.  A limited partnership, other than a family farm limited partnership as defined in section 9H.1, holding an interest in agricultural land in this state.

d.  A person acting in a fiduciary capacity or as a trustee on behalf of a person, including a corporation, cooperative association, limited liability company, or limited partnership, which holds in a trust, other than through a family trust as defined in section 9H.1, including through an authorized trust, an interest in agricultural land in this state.

e.  A limited liability company, other than a family farm limited liability company as defined in section 9H.1, including an authorized limited liability company as defined in section 9H.1, or a networking farmers limited liability company or farmers cooperative limited liability company as defined in section 10.1, holding an interest in agricultural land in this state.

f.  A foreign business holding an interest in agricultural land in this state as provided in chapter 567.

g.  A foreign government holding an interest in agricultural land in this state as provided in chapter 567.

h.  A nonresident alien holding an interest in agricultural land in this state as provided in chapter 567.

Section History: Recent form

  98 Acts, ch 1110, §201, 301; 2000 Acts, ch 1024, §2


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