Any nonresident alien who is or becomes a bona fide resident of this state, of some state or territory of the United States or of the District of Columbia, shall have the right to acquire and hold agricultural lands in this state upon the same terms as citizens of this state during the continuance of such bona fide residence. However, if such resident alien ceases to be a bona fide resident, he shall have three years from the time of termination of residency in which to alienate agricultural lands in excess of one hundred sixty acres.

Source: SL 1979, ch 291, § 3.