Iowa Code 654A.1 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 654A.1
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- Lien: A claim against real or personal property in satisfaction of a debt.
- Livestock: includes but is not limited to an animal classified as an ostrich, rhea, or emu. See Iowa Code 4.1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
- property: includes personal and real property. See Iowa Code 4.1
654A.1 Definitions.
As used in this chapter, unless the context otherwise requires:
1. “”Agricultural property”” means agricultural land that is principally used for farming as defined in § 9H.1, and personal property that is used as security to finance a farm operation or used as part of a farm operation including equipment, crops, livestock, and proceeds of the security.
2. “”Coordinator”” means the farm assistance program coordinator provided in section
13.13.
3. “”Creditor”” means the holder of a mortgage on agricultural property, a vendor of a real estate contract for agricultural property, a person with a lien or security interest in agricultural property, or a judgment creditor with a judgment against a debtor with agricultural property.
4. “”Farm mediation service”” means the organization selected pursuant to § 13.13.
5. “”File”” means to deliver by the required date by certified mail or another method acknowledging receipt.
6. “”Mediation release”” means an agreement or statement signed by all parties or by less than all the parties and the mediator pursuant to § 654A.11.
7. “”Participate”” or “”participation”” means attending a mediation meeting, and discussing issues, stating a position regarding restructuring, and exchanging information, relating to any of the following: a debt against agricultural property which is real estate under chapter
654; a forfeiture of a contract to purchase agricultural property under chapter 656; a secured interest in agricultural property under chapter 554; or a garnishment, levy, execution, seizure, or attachment of agricultural property; all as referenced in § 654A.6.
86 Acts, ch 1214, §14; 90 Acts, ch 1143, §9, 10
Referred to in §654.2C, 654A.6, 656.8
As used in this chapter, unless the context otherwise requires:
1. “”Agricultural property”” means agricultural land that is principally used for farming as defined in § 9H.1, and personal property that is used as security to finance a farm operation or used as part of a farm operation including equipment, crops, livestock, and proceeds of the security.
2. “”Coordinator”” means the farm assistance program coordinator provided in section
13.13.
3. “”Creditor”” means the holder of a mortgage on agricultural property, a vendor of a real estate contract for agricultural property, a person with a lien or security interest in agricultural property, or a judgment creditor with a judgment against a debtor with agricultural property.
4. “”Farm mediation service”” means the organization selected pursuant to § 13.13.
5. “”File”” means to deliver by the required date by certified mail or another method acknowledging receipt.
6. “”Mediation release”” means an agreement or statement signed by all parties or by less than all the parties and the mediator pursuant to § 654A.11.
7. “”Participate”” or “”participation”” means attending a mediation meeting, and discussing issues, stating a position regarding restructuring, and exchanging information, relating to any of the following: a debt against agricultural property which is real estate under chapter
654; a forfeiture of a contract to purchase agricultural property under chapter 656; a secured interest in agricultural property under chapter 554; or a garnishment, levy, execution, seizure, or attachment of agricultural property; all as referenced in § 654A.6.
86 Acts, ch 1214, §14; 90 Acts, ch 1143, §9, 10
Referred to in §654.2C, 654A.6, 656.8