A. For any and all purposes, a corporation created or licensed in this state for the purpose of carrying on forestry, or producing forestry products, shall not be construed to be a corporation created or licensed for the purpose of buying, acquiring, trading or dealing in real estate and shall not be construed as being created for or engaging in agricultural purposes; provided, however, that any and all real estate owned by said corporation must be used directly and solely for production of forestry products, otherwise this act shall not be applicable. B. The word forestry as used in this act is defined as the science of continuous development, care and management of growing timber. Historical Data

Laws 1915, HB 280, c. 179, §. 9; Amended by Laws 1925, SB 152, c. 38, p. 58, § 9.