South Dakota Codified Laws 47-9A-8. Agricultural land–Gift–Restrictions–Applicability
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The restrictions in §§ 47-9A-1 and 47-9A-3 do not apply to a gift of agricultural land, whether by grant or devise, to any nonprofit entity organized under the laws of this state and registered with the secretary of state.
Terms Used In South Dakota Codified Laws 47-9A-8
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Source: SL 1974, ch 294, § 4 (7); SL 2004, ch 277, § 6; SL 2021, ch 193, § 1.