Indiana § 32-22-3-4 Prohibition on foreign business entities acquiring agricultural land

Indiana Statutes

§ 32-22-3-4 — Prohibition on foreign business entities acquiring agricultural land

Indiana·Title 32 PROPERTY·Art. 22 CONVEYANCE LIMITATIONS OF REAL·Ch. 3 Rights of a Foreign Business Entity to Hold and Convey

(a)Except as provided in section 0.5 of this chapter, after June 30, 2022, a foreign business entity may not acquire by grant, purchase, devise, descent, or otherwise any agricultural land located within Indiana for the purposes of crop farming or timber production.

(b)Except as provided in section 0.5 of this chapter, a foreign business entity that acquired agricultural land located within Indiana for the purposes of crop farming or timber production before July 1, 2022, may not grant, sell, or otherwise transfer the agricultural land to any other foreign business entity for the purposes of crop farming or timber production after June 30, 2022.

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(a) Except as provided in section 0.5 of this
chapter, after June 30, 2022, a foreign business entity may not acquire
by grant, purchase, devise, descent, or otherwise any agricultural land
located within Indiana for the purposes of crop farming or timber
production.
(b) Except as provided in section 0.5 of this chapter, a foreign
business entity that acquired agricultural land located within Indiana
for the purposes of crop farming or timber production before July 1,
2022, may not grant, sell, or otherwise transfer the agricultural land to
any other foreign business entity for the purposes of crop farming or
timber production after June 30, 2022.

Indiana § 32-22-3-4 (Prohibition on foreign business entities acquiring agricultural land) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.