9I.6 Change of status — divestment.
A person or business which purchases or otherwise acquires agricultural land in this state except by devise or descent, after January 1, 1980, and whose status changes so that it becomes a foreign business or nonresident alien subject to this chapter, shall divest itself of all right, title and interest in the land within two years from the date that its status changed.
[C81, §567.6]
2002 Acts, ch 1095, §10
C2003, §9I.6
Structure Iowa Code
Title I - STATE SOVEREIGNTY AND MANAGEMENT
Chapter 9I - NONRESIDENT ALIENS — LAND OWNERSHIP
Section 9I.3 - Restriction on agricultural land holdings.
Section 9I.4 - Development of land acquired for nonfarming purposes.
Section 9I.5 - Land acquired by devise or descent.
Section 9I.6 - Change of status — divestment.