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Home » US Law » 2022 South Dakota Codified Laws » Title 47 - Corporations » Chapter 09A - Corporate Farming Restrictions

Section 47-9A-1.1 – Certain breeding stock, products, and facilities exempt.

47-9A-1.1. Certain breeding stock, products, and facilities exempt. The restrictions of §§47-9A-1 and 47-9A-3 do not apply to agricultural land, animals, or facilities owned or operated primarily for the purpose of producing animal breeding stock or reproductive products from animals. Source: SL 2006, ch 229, §1.

Section 47-9A-11 – Livestock feeding exempt.

47-9A-11. Livestock feeding exempt. The restrictions of §§47-9A-1 and 47-9A-3 do not apply to agricultural lands acquired by a corporation solely for the purpose of feeding livestock. Source: SL 1974, ch 294, §4 (10); SL 2004, ch 277, §9.

Section 47-9A-12 – Land acquired for nonfarming uses exempt–Acreage allowed–Restrictions on farming pending development.

47-9A-12. Land acquired for nonfarming uses exempt–Acreage allowed–Restrictions on farming pending development. The restrictions of §§47-9A-1 and 47-9A-3 do not apply to agricultural land acquired by a corporation other than a family farm corporation or authorized farm corporation for immediate or potential use in nonfarming purposes. A corporation may hold such agricultural land in such […]

Section 47-9A-14 – Family farm corporation defined.

47-9A-14. Family farm corporation defined. As used in this chapter, the term, family farm corporation, means any corporation founded for the purpose of farming and the ownership of agricultural land in which the majority of the voting stock is held by members of a family, an estate of a family member, or a trust that […]

Section 47-9A-15 – Qualifications of authorized small farm corporation.

47-9A-15. Qualifications of authorized small farm corporation. As used in this chapter, unless the context otherwise plainly requires, “authorized farm corporation” means a corporation whose shareholders do not exceed ten in number, whose shareholders are all natural persons or estates, whose shares are all of one class, and whose revenues from rent, royalties, dividends, interest, […]

Section 47-9A-16 – Report required of corporation engaged in farming–Contents.

47-9A-16. Report required of corporation engaged in farming–Contents. Every corporation engaged in farming or proposing to commence farming in this state shall file with the secretary of state a report containing: (1)The information required by §59-11-6; and (2)The acreage and location listed by section, township, and county of each lot or parcel of land in […]

Section 47-9A-2 – Definition of terms.

47-9A-2. Definition of terms. Terms used in this chapter, unless the context otherwise plainly requires, mean: (1)”Agricultural land,” land used for farming; (2)”Corporation” or any derivation of “corporation,” both corporations under the South Dakota Business Corporation Act and limited liability companies under the South Dakota Limited Liability Company Act; (2A)”Family,” all descendants born of common […]

Section 47-9A-22 – Recording of order–Divestiture within prescribed period–Covenant running with land–Public sale of lands not divested.

47-9A-22. Recording of order–Divestiture within prescribed period–Covenant running with land–Public sale of lands not divested. The attorney general shall file any order under §47-9A-21 for record with the register of deeds of each county in which any portion of said lands are located. Thereafter, the corporation owning such land shall have a period of five […]

Section 47-9A-3.1 – Certain greenhouse operations exempt.

47-9A-3.1. Certain greenhouse operations exempt. The restrictions of §§47-9A-1 and 47-9A-3 do not apply to the cultivation of edible fruits, vegetables or mushrooms if such cultivation occurs within a greenhouse or other enclosed or semi-enclosed structure. Source: SL 1986, ch 386; SL 2004, ch 277, §1.