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 same terms as citizens of this state during the continuance of such bona fide residence. However, if such resident alien ceases to be a bona fide resident, he shall have three years from the time of termination of residency in which to alienate agricultural lands in excess of one hundred sixty acres.
Source: SL 1979, ch 291, ยง3.
Structure South Dakota Codified Laws
Chapter 02A - Alien Ownership Of Agricultural Land
Section 43-2A-1 - "Agricultural land" defined.
Section 43-2A-2 - Maximum alien ownership of agricultural land--Exceptions.
Section 43-2A-3 - Agricultural land acquired by devise or descent--Time to alienate title.
Section 43-2A-4 - Aliens acquiring agricultural land by process of law--Time to alienate title.
Section 43-2A-5 - Nonresident alien becoming bona fide resident--Right to acquire agricultural land.
Section 43-2A-6 - Agricultural land acquired or held in violation of act--Forfeiture to state.
Section 43-2A-7 - Reports monitored by Department of Agriculture and Natural Resources.