25-13-901. (Temporary) Definitions. As used in this part, the following definitions apply:
     (1) "Agricultural land" means real property that is principally used for the production of livestock, poultry, field crops, fruit, or other animal or vegetable matter for food or fiber.
     (2) "Holder of foreclosed agricultural land" means a national- or state-chartered bank, a mutual or stock insurance company regulated by any state, a mortgage company, a farm credit system lender, or a state or federal agency that has acquired the right to dispose of agricultural land through foreclosure of a mortgage on the land or through execution of a judgment obtained by it against the immediately preceding owner of the land. (Terminates June 30, 1996--sec. 6, Ch. 472, L. 1987.)

     History: En. Sec. 1, Ch. 472, L. 1987.