SDCL § 47-9A-17: Additional information for qualification as family or authorized farm corporation.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- 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