43-2A-1. Definitions.Terms used in this chapter mean:(1)'Agricultural land,' land capable of being used in the production of:(a)Agricultural crops;(b)Fruit and other horticultural products;(c)Livestock or livestock products;(d)Milk or dairy products;(e)Poultry or poultry products; or(f)Timber;(2)'Foreign entity,' any organization that:(a)Is registered outside of the United States or its territories; or(b)Has more than ten percent ownership by a foreign government, foreign person, or any combination thereof. However, this permissive threshold does not apply to a prohibited entity;(3)'Foreign government,' a government or state-controlled enterprise of a government, other than the United States, its states, its territories, or its federally recognized Indian tribes;(4)'Foreign person,' a natural person who is not a United States citizen or a resident;(5)'Prohibited entity,' a foreign entity from, foreign government from, or foreign person from:(a)The People’s Republic of China;(b)The Republic of Cuba;(c)The Islamic Republic of Iran;(d)The Democratic People's Republic of Korea;(e)The Russian Federation; or(f)The Bolivarian Republic of Venezuela; and(6)'Resident', any individual who is blic of Cuba;(c)The Islamic Republic of Iran;(d)The Democratic People's Republic of Korea;(e)The Russian Federation; or(f)The Bolivarian Republic of Venezuela; and(6)'Resident', any individual who is a legal resident of this state, of another state or territory of the United States, or of the District of Columbia, and makes no claim of residency in a foreign country. Source: SL 1979, ch 291, §7; SL 2024, ch 176, §1.
South Dakota Legal Code