Iowa Code

Iowa Code § 10.12 (2026)

Multiple interests restricted — penalties

✓ current as of July 2026

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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 \n

Notes of Decisions

Cited in 3 cases, 1973–1998 · leading case: City of Sioux City v. Iowa Dep't of Com., 584 N.W.2d 322 (Iowa 1998).

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City of Sioux City v. Iowa Dep't of Com., 584 N.W.2d 322 (Iowa 1998). “The district court aptly set forth the reasons for its conclusion that the rule was within the agency’s power: The default judgment rule of 185 IAC § 10.12 is a necessary and rational method *326 of enforcing and administering the legislative mandate concerning alcoholic…”

State v. Lamar, 210 N.W.2d 600 (Iowa 1973). “See also Mathes and Devitt, Federal Jury Practice and Instructions, § 10.12 (Supp.1968) ; 5 Reid’s Branson Instructions to Juries, § 3413 (3d ed.”

State v. Lámar, 210 N.W.2d 600 (Iowa 1973). “See also Mathes and Devitt, Federal Jury Practice and Instructions, § 10.12 (Supp.1968); 5 Reid's Branson Instructions to Juries, § 3413 (3d ed.”

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