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ND SB2150

Bill

Official Source

Status

Passed

3/18/2025

Primary Sponsor

Paul Thomas

Click for details

Origin

Senate

69th Legislative Assembly

AI Summary

  • Expands the definition of "farming or ranching" to explicitly include livestock backgrounding and livestock finishing operations
  • Updates terminology throughout corporate farming statutes, replacing "individual" with "person" and "entity" with "organization" to align with referenced section 47-10.1-02 regarding authorized persons
  • Changes LLC membership interest reporting requirements from itemization "by classes and series" to itemization "as designated under the operating agreement"
  • Extends existing exemptions for farm/ranch service contracts to include ranch products and services (previously only referenced farm products/services)
  • Passed Senate 41-4 and House 91-0

Legislative Description

Corporate or limited liability company farming and ranching.

Last Action

Filed with Secretary Of State 03/18

3/20/2025

Committee Referrals

Agriculture2/18/2025
Agriculture and Veterans Affairs1/7/2025

Full Bill Text

No bill text available