Terms used in this chapter mean:

1. (1) "Agricultural land," land capable of being used in the production of:

   1. (a) Agricultural crops;
   2. (b) Fruit and other horticultural products;
   3. (c) Livestock or livestock products;
   4. (d) Milk or dairy products;
   5. (e) Poultry or poultry products; or
   6. (f) Timber;

2. (2) “Foreign entity,” any organization that:

   1. (a) Is registered outside of the United States or its territories; or
   2. (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. (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. (4) “Foreign person,” a natural person who is not a United States citizen or a resident;

5. (5) “Prohibited entity,” a foreign entity from, foreign government from, or foreign person from:

   1. (a) The People’s Republic of China;
   2. (b) The Republic of Cuba;
   3. (c) The Islamic Republic of Iran;
   4. (d) The Democratic People's Republic of Korea;
   5. (e) The Russian Federation; or
   6. (f) The Bolivarian Republic of Venezuela; and
6. (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.