1. A person who holds an interest in a farmers cooperative association holding an interest in agricultural land pursuant to section 10.7 shall not hold an interest in another farmers entity ifany of the following applies: a. The person holds a twenty-five percent or greater interest in a farmers cooperative association having six or fewer members. b. The person holds a fifteen percent or greater interest in a farmers cooperative association having seven or more members. 2. A person who holds a majority interest in an authorized entity shall not hold a majority interest in a farmers cooperative association.
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