47-9A-17. Additional information for qualification as family or authorized farm corporation.
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.
Source: SL 1974, ch 294, ยง5.
Structure South Dakota Codified Laws
Chapter 09A - Corporate Farming Restrictions
Section 47-9A-1 - Agriculture prohibited as corporate or limited liability company purpose.
Section 47-9A-1.1 - Certain breeding stock, products, and facilities exempt.
Section 47-9A-2 - Definition of terms.
Section 47-9A-3 - Corporate farming and acquisition of interest in farm real estate prohibited.
Section 47-9A-3.1 - Certain greenhouse operations exempt.
Section 47-9A-3.2 - Facilities for feeding poultry or producing meat or eggs exempt.
Section 47-9A-3.3 - Dairy on agricultural lands exempt.
Section 47-9A-5 - Certain limited liability entities exempt from restrictions.
Section 47-9A-6 - Encumbrance taken for security exempt.
Section 47-9A-8 - Agricultural land--Gift--Restrictions--Applicability.
Section 47-9A-10 - Raising breeding stock for resale exempt--Nurseries and seed farms.
Section 47-9A-11 - Livestock feeding exempt.
Section 47-9A-12.1 - Cement Plant Commission property used for nonfarming purposes.
Section 47-9A-13 - Family farm and authorized farm corporations exempt.
Section 47-9A-13.2 - Pork production subject to same provisions as other operations.
Section 47-9A-14 - Family farm corporation defined.
Section 47-9A-15 - Qualifications of authorized small farm corporation.
Section 47-9A-16 - Report required of corporation engaged in farming--Contents.
Section 47-9A-18 - Farming prohibited without certification by secretary of state.
Section 47-9A-20 - Corporation failing to file or filing false report--Civil fine.
Section 47-9A-21 - Attorney general to prosecute violations--Order of court declaring violation.