47-9A CORPORATE FARMING RESTRICTIONS
CORPORATE FARMING RESTRICTIONS
Agriculture prohibited as corporate or limited liability company purpose.
Certain breeding stock, products, and facilities exempt.
Definition of terms.
Corporate farming and acquisition of interest in farm real estate prohibited.
Certain greenhouse operations exempt.
Facilities for feeding poultry or producing meat or eggs exempt.
Dairy on agricultural lands exempt.
Banks and trust companies exempt--Purchase of agricultural land through pooled
investment fund excepted.
Certain limited liability entities exempt from restrictions.
Encumbrance taken for security exempt.
Lands acquired in collection of debt or enforcement of claim exempt--Period allowed
for disposition--Covenant runs with land.
Gifts to nonprofit corporations exempt.
Farms, for scientific, medical, research, or experimental purposes exempt if sale of
Raising breeding stock for resale exempt--Nurseries and seed farms.
Livestock feeding exempt.
Land acquired for nonfarming uses exempt--Acreage allowed--Restrictions on
farming pending development.
Cement Plant Commission property used for nonfarming purposes.
Family farm and authorized farm corporations exempt.
Pork production subject to same provisions as other operations.
Family farm corporation defined.
Qualifications of authorized small farm corporation.
Report required of corporation engaged in farming--Contents.
Additional information for qualification as family or authorized farm corporation.
Farming prohibited without certification by secretary of state.
Corporation failing to file or filing false report--Civil fine.
Attorney general to prosecute violations--Order of court declaring violation.
Recording of order--Divestiture within prescribed period--Covenant running with
land--Public sale of lands not divested.
Citation of chapter.