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
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 10 - AGRICULTURAL LANDHOLDING RESTRICTIONS
Section 10.2 - Interests described.
Section 10.3 - Landholdings restricted.
Section 10.4 - Multiple interests restricted.
Section 10.5 - Landholdings restricted.
Section 10.6 - Multiple interests restricted.
Section 10.7 - Landholdings restricted.
Section 10.8 - Multiple interests restricted.
Section 10.9 - Procedure for acquisition — reverse referendum — dissent.
Section 10.10 - Landholdings restricted.
Section 10.11 - Landholding restrictions — penalties.
Section 10.12 - Multiple interests restricted — penalties.