§ 32-22-3-6 — Reporting acquisitions of agricultural land

Indiana § 32-22-3-6

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

Text

(a) A foreign business entity that acquires,
sells, or transfers agricultural land located within Indiana for the
purposes of crop farming or timber production after June 30, 2022,
must report the acquisition, sale, or transfer to:
(1) the secretary of state; and
(2) the attorney general;
not later than thirty (30) days after the acquisition, sale, or transfer of
the agricultural land is finalized. The report must be made in the form
and manner prescribed by the secretary of state. The attorney general
shall review the reports that the attorney general receives under this
subsection and investigate an acquisition, sale, or transfer of
agricultural land if the attorney general believes the acquisition, sale,
or transfer of agricultural land violates section 4 of this chapter.
(b) All agricultural land acquired, sold, or transferred in violation of
section 4 of this chapter is subject to forfeiture to the state. The
attorney general shall enforce a forfeiture under this subsection.

Legislative History

As added by P.L.156-2022, SEC.2.