S.D. Admin. R. 41:06:01:07.02 - Restrictions on landowner preference for legal entities
Shareholders of a corporation, members of a limited liability company holding a membership interest in the company, partners in a partnership, and beneficiaries of a trust entitled to the current income and assets held in trust; all organized and in good standing under the laws of the State of South Dakota are eligible for landowner preference if:
(1) The entity holds title to 160 acres or more of private land located within the hunting unit applied for;
(2) The shareholder, member, partner, or trust beneficiary applying for landowner preference is a resident; and
(3) The shareholder, member, partner, or trust beneficiary is responsible for making the day-to-day management decisions for agricultural purposes on the farm or ranch.
Notes
General Authority: SDCL 41-2-18(1)(2), 41-6-21.
Law Implemented: SDCL 41-2-18(1)(2), 41-6-21.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.