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South Dakota · Through 2026-08-31

SDCL § 47-9A-17: Additional information for qualification as family or authorized farm corporation.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-9A. CORPORATE FARMING RESTRICTIONS

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.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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