SD SB60

Prohibited entities (as defined in § 43-2A-1) are barred from holding or obtaining any real property interest in South Dakota while military installations exist in the state

Prohibited entities must divest property acquired through inheritance within 3 years, or property acquired by other means within 2 years

Attorney General has authority to investigate violations, issue subpoenas for transaction documents, and commence forfeiture actions in circuit court within 3 years of receiving evidence

Forfeited property must be sold with proceeds distributed first to sale costs and taxes, then AG investigation costs, then lienholders, with remainder going to the prior interest holder

Exemptions include entities cleared by the Committee on Foreign Investment in the United States, transactions approved by local governments, security interests without possession, de minimis stock ownership, and U.S. citizens/permanent residents/individuals with lawful status