Bill > SB2150

This bill amends several sections of North Dakota's corporate farming laws to modify definitions, reporting requirements, and ownership regulations for farming and ranching corporations and limited liability companies (LLCs). The bill updates the definition of "farming or ranching" to explicitly include livestock backgrounding and finishing, and makes technical changes to clarify language about agricultural activities. It revises requirements for shareholders and members of authorized livestock farm corporations and LLCs, ensuring that all shareholders or members must be U.S. citizens, permanent resident aliens, or authorized persons, with 100% of stock or interests owned by such individuals. The bill also streamlines annual reporting requirements, removing some detailed class and series distinctions for membership interests and adding more standardized reporting about ownership, management, land holdings, and income sources. These changes aim to provide more clarity and consistency in regulations governing corporate and LLC farming and ranching operations in North Dakota, while maintaining restrictions on land ownership and ensuring that such entities are primarily owned and operated by individuals actively engaged in agricultural activities.

Agriculture and Natural Resources, Military Affairs and Security

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2150.html