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Current as of January 01, 2024 | Updated by Findlaw Staff
1. All corporations and limited liability companies, except as otherwise provided in this chapter, are prohibited from owning or leasing farmland or ranchland and from engaging in the business of farming or ranching.
2. A corporation or a limited liability company may be a partner in a partnership under title 45 which owns or leases farmland or ranchland or engages in the business of farming or ranching only if that corporation or limited liability company complies with this chapter.
3. Notwithstanding any other provision of law, an authorized livestock farm corporation or authorized livestock farm limited liability company may not be a partner in a partnership under title 45 which owns or leases farmland or ranchland or engages in the business of farming or ranching.
Cite this article: FindLaw.com - North Dakota Century Code Title 10. Corporations § 10-06.1-02. Farming or ranching by corporations and limited liability companies prohibited - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-10-corporations/nd-cent-code-sect-10-06-1-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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