South Dakota Statutes
§ 47-9A-17 — Additional information for qualification as family or authorized farm corporation.
The report of a corporation seeking to qualify hereunder as a family farm corporation or an authorized farm corporation shall contain, in addition:
(1)The number of shares owned by persons residing on the farm or actively engaged in farming, or their relatives within the third degree of kindred;
(2)The name, address, and number of shares owned by each shareholder; and (3) A statement as to percentage of gross receipts of the corporation derived from rent, royalties, dividends, interest, and annuities.
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South Dakota § 47-9A-17 (Additional information for qualification as family or authorized farm corporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1974, ch 294, § 5.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.