10.4  MULTIPLE INTERESTS RESTRICTED.
 1.  A person who holds an interest in a networking farmers
 corporation holding an interest in agricultural land pursuant to
 section 10.3 shall not hold an interest in another farmers entity if
 any of the following applies:
 a.  The person holds a twenty-five percent or greater interest
 in a networking farmers corporation having six or fewer stockholders.

 b.  The person holds a fifteen percent or greater interest in
 a networking farmers corporation having seven or more stockholders.
 2.  A person who holds a majority interest in an authorized entity
 shall not hold a majority interest in a networking farmers
 corporation.
 3.  A qualified commodity share landlord who owns an interest in a
 networking farmers corporation holding agricultural land under
 section 10.3 must rent an additional one hundred fifty acres of
 agricultural land on a commodity share basis for each farmers entity
 holding agricultural land under this chapter in which the commodity
 share landlord acquires an interest.
         Section History: Recent Form

 98 Acts, ch 1110, §104, 301
 Referred to in §10.12