43-2A-1.”Agricultural land” defined. For purposes of this chapter, the term “agricultural land” means land capable of use in the production of agricultural crops, timber, livestock or livestock products, poultry or poultry products, milk or dairy products, or fruit and other horticultural products but does not include any royalty interest, any oil, gas, or other mineral […]
43-2A-2. Maximum alien ownership of agricultural land–Exceptions. No alien, who is not a resident of this state, of some state or territory of the United States or of the District of Columbia; and no foreign government shall hereafter acquire agricultural lands, or any interest therein, exceeding one hundred sixty acres, except such as may be […]
43-2A-3. Agricultural land acquired by devise or descent–Time to alienate title. All nonresident aliens who may acquire agricultural lands in this state by devise or descent shall have three years from the date of so acquiring such title in which to alienate such agricultural lands. Source: SL 1979, ch 291, §4.
43-2A-4. Aliens acquiring agricultural land by process of law–Time to alienate title. The prohibitions of §43-2A-2 do not apply to agricultural lands acquired by process of law in the collection of debts, or by any procedure for the enforcement of a lien or claim thereon, whether created by mortgage or otherwise. However, all agricultural lands […]
43-2A-5. Nonresident alien becoming bona fide resident–Right to acquire agricultural land. Any nonresident alien who is or becomes a bona fide resident of this state, of some state or territory of the United States or of the District of Columbia, shall have the right to acquire and hold agricultural lands in this state upon the […]
43-2A-6. Agricultural land acquired or held in violation of act–Forfeiture to state. All agricultural lands acquired or held in violation of §§43-2A-2 and 43-2A-3 shall be forfeited to the state. The attorney general shall enforce such forfeiture. However, no such forfeiture may be adjudged unless the action to enforce is brought within three years after […]
43-2A-7. Reports monitored by Department of Agriculture and Natural Resources. The Department of Agriculture and Natural Resources shall monitor, for compliance to this chapter, biannual reports transmitted to the department pursuant to section 6 of the United States Agricultural Foreign Investment Disclosure Act of 1978. If this review reveals evidence of noncompliance with this chapter […]
43-2A-8. Exception for property owned by corporation for nonfarming purposes–Cement Plant Commission property. The restrictions of this chapter do not apply to agricultural land owned by a corporation for immediate or potential use in nonfarming purposes. A corporation may hold such agricultural land in such acreage as may be necessary to its nonfarm business operations. […]