S.D. Admin. R. 41:06:01:07.02

Current through Register Vol. 51, page 56, November 4, 2024

Section 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.

S.D. Admin. R. 41:06:01:07.02

37 SDR 235, effective 6/27/2011.

General Authority: SDCL 41-2-18(1)(2), 41-6-21.

Law Implemented: SDCL 41-2-18(1)(2), 41-6-21.

The amended version of this section by 46 SDR 116, effective 4/29/2019 is not yet available.