EX-5.1 8 c06843exv5w1.htm FORM OF OPINION exv5w1
 

Exhibit 5.1
Brown, Winick, Graves, Gross,
Baskerville and Schoenebaum, P.L.C.
ATTORNEYS AT LAW
                 
666 GRAND AVENUE, SUITE 2000
  Bruce Graves   Brenton D. Soderstrum   Alexander M. Johnson   Patents and Trademarks
DES MOINES, IOWA 50309-2510
  Steven C. Schoenebaum   Michael D. Treinen   Rebecca A. Brommel      G. Brian Pingel
 
  Harold N. Schneebeck   Scott L. Long   Mark E. Roth      Camille L. Urban
TELEPHONE: (515) 242-2400
  Paul D. Hietbrink   Ronni F. Begleiter   Tina R. Thompson      Adam W. Jones
FACSIMILE: (515) 283-0231
  William C. Brown   Miranda L. Hughes   Catherine C. Cownie  
 
  Richard K. Updegraff   Kelly D. Hamborg   Laura N. Martino    
 
  Paul E. Carey   William E. Hanigan   Amy R. Piepmeier    
 
  Douglas E. Gross   Mary A. Ericson   Elizabeth A. Coonan    
 
  John D. Hunter   Michael J. Green   Britney L. Schnathorst    
 
  James H. Gilliam   Michael A. Dee   Sara L. Keenan    
URL: www.ialawyers.com
  Robert D. Andeweg   Danielle Dixon Smid   Rebecca A. Reisinger    
 
  Alice Eastman Helle   Brian P. Rickert   Leanna Daniels Whipple    
 
  Michael R. Blaser   Valerie D. Bandstra   Kevin F. Howe    
 
  Thomas D. Johnson   Ann Holden Kendell   Samantha S. Hartman   Of Counsel:
 
  Christopher R. Sackett   James S. Niblock   Judd W. Vande Voort       Richard W. Baskerville
Offices in:
  Sean P. Moore   Brian M. Green   William R. Gustoff  
   West Des Moines, Iowa
  Nancy S. Boyd   Dustin D. Smith   M. Michelle Nagle  
   Pella, Iowa
  James L. Pray   Philip E. Stoffregen     Walter R. Brown (1921-2000)
     
 
  WRITER’S DIRECT DIAL NO.
 
  (515) 242-2459
 
  WRITER’S DIRECT FAX NO.
 
  (515) 323-8559
 
  WRITER’S E-MAIL ADDRESS
 
  bandstra@ialawyers.com
               , 2006
Board of Directors
Homeland Energy Solutions, LLC
951 North Linn Avenue
New Hampton, IA 50659
Re:     2006 Registration Statement on Form SB-2; Securities Matters
Dear Directors:
In connection with the proposed offer and sale of up to 95,000 units of the membership interests (the “Membership Units”) of Homeland Energy Solutions, LLC (the “Company”), we have made such legal examination and inquiries as we have deemed advisable or necessary for the purpose of rendering this opinion and have examined originals or copies of the following documents and corporate records:
  1.   The Company’s Articles of Organization and any amendments thereof;
 
  2.   The Company’s Operating Agreement;
 
  3.   The Company’s resolutions of the Board of Directors authorizing the issuance of units;
 
  4.   The Company’s Registration Statement on Form SB-2, as filed by the Company on July ___, 2006 with the United States Securities and Exchange Commission; and
 
  5.   The Company’s Form of Subscription Agreement for the purchase of Membership Units offered pursuant to the Registration Statement.
In rendering our opinions, with the consent of the Company, we have relied upon: (i) the representations of the Company and other representatives as set forth in the aforementioned documents as to those factual matters that we were unable to ascertain ourselves; and (ii) certificates and assurances from public officials as we have deemed necessary for purposes of expressing the opinions expressed herein. We have not undertaken any independent

 


 

               , 2006
Page 2
investigation to determine or verify any information and representations made by the Company and its members and representatives in the foregoing documents or in such certificates, and we have relied upon such information and representations in expressing our opinions.
We have assumed in rendering these opinions that no person or party has taken any action inconsistent with the terms of the above-described documents or prohibited by law. We have confirmed that no attorney in this office who has provided legal services within the past six months has notice or knowledge of any misstatements or inaccuracies in the representations upon which we have relied.
The opinions expressed herein shall be effective as of the date of effectiveness of the Company’s Registration Statement. The opinions set forth herein are based upon existing law and regulations, all of which are subject to change prospectively and retroactively. Our opinions are based on the facts and the above documents as they exist on the date of this letter, and we assume no obligation to revise or supplement such opinions as to future changes of law or fact. This opinion letter is limited to the matters stated herein and no opinions are to be implied or inferred beyond the matters expressly stated herein.
Based on our examination and inquiry, we are of the opinion that, the Membership Units will be validly issued, duly authorized, fully paid, and non-assessable when issued and sold in the manner referred to in the Registration Statement and under the applicable subscription agreement(s), provided that the Registration Statement is effective.
Very truly yours,
Valerie D. Bandstra
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