Iowa agricultural industry finance corporations — guiding principles.

; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; courier new tur ; arial (vietnamese) ; courier new (arabic) ; times new roman ce ; tahoma (vietnamese) ; arial (hebrew) ; times new roman cyr ; courier new greek ; symbol ; tahoma (hebrew) ; arial ; arial baltic ; arial tur ; times new roman (arabic) ; courier new ; imperial bt ; tahoma ce ; wingdings ; tahoma cyr ; times new roman tur ; courier new ce ; tahoma ; courier new (hebrew) ; arial (arabic) ; courier new baltic ; courier new cyr ; times new roman ; tahoma baltic ; tahoma (arabic) ; arial ce ; courier new (vietnamese) ; tahoma (thai) ; times new roman greek ; tahoma greek ; tahoma tur ; times new roman (hebrew) ; times new roman baltic ; times new roman (vietnamese) ; arial greek ; arial cyr ; \* .;
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 ?; ; ; Normal ; heading 1 ; heading 2 ; heading 3 ; heading 4 ; heading 5 ; heading 6 ; heading 7 ; heading 8 ; heading 9 ; Balloon Text ; Block Text ; Body Text ; Body Text 2 ; Body Text 3 ; Body Text First Indent ; Body Text First Indent 2 ; Body Text Indent 2 ; Body Text Indent 3 ; caption ; Closing ; annotation text ; annotation subject ; Date ; Document Map ; E-mail Signature ; endnote text ; envelope address ; envelope return ; footer ; footnote text ; header ; HTML Address ; HTML Preformatted ; index 1 ; index 2 ; index 3 ; index 4 ; index 5 ; index 6 ; index 7 ; index 8 ; index 9 ; index heading ; List ; List 2 ; List 3 ; List 4 ; List 5 ; List Bullet ; List Bullet 2 ; List Bullet 3 ; List Bullet 4 ; List Bullet 5 ; List Continue ; List Continue 2 ; List Continue 3 ; List Continue 4 ; List Continue 5 ; List Number ; List Number 2 ; List Number 3 ; List Number 4 ; List Number 5 ; macro ; Message Header ; Normal (Web) ; Normal Indent ; Note Heading ; Plain Text ; Salutation ; Signature ; Subtitle ; table of authorities ; table of figures ; Title ; toa heading ; toc 1 ; toc 2 ; toc 3 ; toc 4 ; toc 5 ; toc 6 ; toc 7 ; toc 8 ; toc 9 ; \~\~ \~\~ \~\~ \~\~ \~\~ 15E.207 \~\~ Iowa agricultural industry finance corporations — guiding principles. \~\~ In carrying out its duties and exercising its powers under this subchapter , an Iowa agricultural industry finance corporation shall be guided by the following principles: \~\~ 1. \~\~ a. \~\~ The corporation must exercise diligence and care in the selection of persons and projects to receive financing as provided in section 15E.209 . The corporation must apply customary and acceptable business and lending standards and practices in selecting persons and projects designated for financing and managing agreements under which financing is provided. \~\~ b. \~\~ In selecting projects to receive financing, it is the intent of the general assembly that the corporation seek projects with wage, benefit, and work safety plans which improve the quality of employment in the state and which would not displace employees of existing Iowa agricultural industry ventures. \~\~ 2. \~\~ Except as otherwise provided in this section , the corporation shall not become an owner of real or depreciable property, including agricultural land, as provided in section 9H.4 . However, this subsection shall not preclude the corporation from holding an interest in real or depreciable property if any of the following apply: \~\~ a. \~\~ The corporation holds nonagricultural property for purposes of carrying out the management of its corporate affairs, including office space, furniture, and supplies. \~\~ b. \~\~ The corporation holds an interest in real or depreciable property on a temporary basis, and any of the following apply: \~\~ (1) \~\~ The interest is a bona fide encumbrance taken for purposes of security in connection with providing financing under section 15E.209 . \~\~ (2) \~\~ The interest is acquired by operation of law, including by any of the following: \~\~ (a) \~\~ Devise or bequest. \~\~ (b) \~\~ Court order. \~\~ (c) \~\~ Dissolution under chapter 490, subchapter XIV . \~\~ (d) \~\~ Order in bankruptcy. \~\~ (e) \~\~ Pursuant to a proceeding to enforce a debt against real property under chapter 654 , to forfeit a contract to purchase real property under chapter 656 , to enforce a secured interest in real or depreciable property under chapter 554 , or to otherwise garnish, levy on, execute on, seize, or attach real or depreciable property in the collection of debts, or by any procedure for the enforcement of a lien or claim. \~\~ (3) \~\~ The interest is acquired in order to facilitate a transfer between persons pursuant to a transaction authorized under this subchapter . 98 Acts, ch 1207, §8 ; 2008 Acts, ch 1032, §201 ; 2017 Acts, ch 54, §76 ; 2019 Acts, ch 24, §104 Referred to in §15E.208 , 16.79