A corporation or limited liability company that is not engaged in the business of
farming or ranching may own or lease land used for farming or ranching when the land
is necessary for residential or commercial development; the siting of buildings,
plants, facilities, industrial parks, or similar business or industrial purposes of
the corporation or limited liability company; or for uses supportive of or ancillary
to adjacent nonagricultural land for the benefit of both land parcels. The farmland or ranchland while not being immediately used for any purpose of the
corporation or limited liability company must be available to be leased by persons
who farm or ranch as sole proprietorships or partnerships, or by corporations or limited
liability companies allowed to engage in farming or ranching under section 10-06.1-12.
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 or via Westlaw before relying on it for your legal needs.
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