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47-9A-17 Additional information for qualification as family or authorized farm corporation.
     47-9A-17.   Additional information for qualification as family or authorized farm corporation. The report of a corporation seeking to qualify hereunder as a family farm corporation or an authorized farm corporation shall contain, in addition:
             (1)      The number of shares owned by persons residing on the farm or actively engaged in farming, or their relatives within the third degree of kindred;
             (2)      The name, address, and number of shares owned by each shareholder; and
             (3)      A statement as to percentage of gross receipts of the corporation derived from rent, royalties, dividends, interest, and annuities.

Source: SL 1974, ch 294, § 5.


Chapter 47-9A

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