Iowa Code Title I. State Sovereignty and Management [Chs. 1-38D] § 9I.6. 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.