South Dakota Codified Laws 47-9A-10. Raising breeding stock for resale exempt–Nurseries and seed farms
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The restrictions of §§ 47-9A-1 and 47-9A-3 do not apply to agricultural land operated by a corporation for the purpose of raising breeding stock for resale to farmers or operated for the purpose of growing seed, nursery plants, or sod.
Terms Used In South Dakota Codified Laws 47-9A-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- stock: include membership interests in a limited liability company. See South Dakota Codified Laws 47-9A-2
Source: SL 1974, ch 294, § 4 (5); SL 2004, ch 277, § 8.