Terms Used In Iowa Code > Chapter 10B - Agricultural Landholding Reporting

• Agricultural land: means the same as defined in section 9H. See Iowa Code 10B.1
• Cooperative association: means any entity organized on a cooperative basis, including an association of persons organized under chapter 497, 498, or 499; an entity composed of entities organized under those chapters; or a cooperative organized under chapter 501 or 501A. See Iowa Code 10B.1
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Corporation: means a domestic or foreign corporation, including an entity organized pursuant to chapter 490, or a nonprofit corporation. See Iowa Code 10B.1
• Farming: means the same as defined in section 9H. See Iowa Code 10B.1
• Fiduciary: A trustee, executor, or administrator.
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Foreign business: means the same as defined in section 9I. See Iowa Code 10B.1
• Foreign government: means the same as defined in section 9I. See Iowa Code 10B.1
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• lessee: means a nonresident alien, foreign business, or foreign government, or an agent, trustee, or fiduciary acting on behalf of the nonresident alien, foreign business, or foreign government, or any other trade or business which is under the lessee's common control as provided in 26 U. See Iowa Code 9I.3
• Limited liability company: means a foreign or domestic limited liability company, including a limited liability company as defined in section 489. See Iowa Code 10B.1
• Limited partnership: means a foreign or domestic limited partnership, including a limited partnership as defined in section 488. See Iowa Code 10B.1
• Nonresident alien: means the same as defined in section 9I. See Iowa Code 10B.1
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Reporting entity: means any of the following:
   a. See Iowa Code 10B.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Trustee: A person or institution holding and administering property in trust.
• United States: includes all the states. See Iowa Code 4.1
• year: means twelve consecutive months. See Iowa Code 4.1