The restrictions of §§ 47-9A-1 and 47-9A-3 do not apply to a family farm corporation or an authorized farm corporation.
S.D. Codified Laws § 47-9A-13
Family farm and authorized farm corporations exempt
Known as the Family Farm Act
The act spans §§ 47–47 (30 sections).
Applied in 1 court decision — leading case Allegheny Corp. v. Richardson, Inc. (1990)
Most recently applied in Allegheny Corp. v. Richardson, Inc. (November 1990)
Source: SL 1974, ch 294, § 4 (2); SL 2004, ch 277, § 11.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.