SDCL 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 organized and in good standing under the laws of this state 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-today management decisions for agricultural purposes on the farm or ranch.

Notes

SDCL 41:06:01:07.02

37 SDR 235, effective 6/27/2011; 46 SDR 116, effective 4/29/2020

General Authority: SDCL 41-2-18(12)(13), 41-6-21.

Law Implemented: SDCL 41-2-18(12)(13), 41-6-21.