Change of status — divestment.

A person or business which purchases or otherwise acquires agricultural land in this state except by devise or descent, after January 1, 1980, and whose status changes so that it becomes a foreign business or nonresident alien subject to this chapter , shall divest itself of all right, title and interest in the land within two years from the date that its status changed. [ C81, §567.6 ] 2002 Acts, ch 1095, §10 C2003, §9I.6