South Dakota § 43-2A-2 Limitations on foreign ownership--Exceptions.

South Dakota Statutes

§ 43-2A-2 — Limitations on foreign ownership--Exceptions.

South Dakota·Title 43 PROPERTY·Ch. 43-2 ALIEN OWNERSHIP OF AGRICULTURAL LAND

The following provisions apply to the ownership or leasing of agricultural land in this state:

(1)A prohibited entity may not own agricultural land in this state;

(2)A prohibited entity may not lease or hold an easement on agricultural land in this state, unless:

(a)The lease is exclusively for agricultural research purposes and encumbers no more than three hundred and twenty acres; or (b) The lease is exclusively for contract feeding of livestock, at an animal feeding operation, by a family farm unit, a family farm corporation, or an authorized farm corporation;

(3)Excluding a prohibited entity, a foreign entity, foreign government, or foreign person may not own more than one hundred and sixty acres of agricultural land in this state, provided this limitation does not i

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The following provisions apply to the ownership or leasing of agricultural land in this state: (1) A prohibited entity may not own agricultural land in this state; (2) A prohibited entity may not lease or hold an easement on agricultural land in this state, unless: (a) The lease is exclusively for agricultural research purposes and encumbers no more than three hundred and twenty acres; or (b) The lease is exclusively for contract feeding of livestock, at an animal feeding operation, by a family farm unit, a family farm corporation, or an authorized farm corporation; (3) Excluding a prohibited entity, a foreign entity, foreign government, or foreign person may not own more than one hundred and sixty acres of agricultural land in this state, provided this limitation does not include: (a) Agricultural land acquired by devise or inheritance; or (b) Agricultural land held as security for indebtedness; and (4) Excluding a prohibited entity, there is no restriction on easements or the number of acres of agricultural land that a foreign entity, foreign government, or foreign person may lease. This section does not apply to a foreign entity, foreign government, or foreign person whose right to hold land is secured by treaty.

South Dakota § 43-2A-2 (Limitations on foreign ownership--Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.