41:06:01:07.02Restrictions

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-to-day management decisions for agricultural purposes on the farm or ranch.

Source: 37 SDR 235, effective June 27, 2011; 46 SDR 116, effective April 29, 2020.