Except as provided herein, no foreign or domestic corporation may engage in farming; nor may any foreign or domestic corporation, directly or indirectly, own, acquire, or otherwise obtain an interest, whether legal, beneficial or otherwise, in any title to real estate used for farming or capable of being used for farming in this state.
S.D. Codified Laws § 47-9A-3
Corporate farming and acquisition of interest in farm real estate prohibited
Known as the Family Farm Act
The act spans §§ 47–47 (30 sections).
Applied in 1 court decision — leading case Estate of Fischer v. Fischer (2002)
Most recently applied in Estate of Fischer v. Fischer (May 2002)
Source: SL 1974, ch 294, § 4; SL 1991, ch 377, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.