10.2 Interests described.
As used in this chapter, the following apply:
1. A person holds an interest in agricultural land if the person either directly or indirectly owns or leases the agricultural land in this state.
2. A person holds an interest in a farmers entity if the person holds an interest as any of the following:
a. A shareholder of a networking farmers corporation.
b. A member of a networking farmers limited liability company.
c. A member of a farmers cooperative association.
d. A member of a farmers cooperative limited liability company.
98 Acts, ch 1110, §102, 301
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