7 §34. Exemptions
Title 7: AGRICULTURE AND ANIMALS
Part 1: ADMINISTRATION
Chapter 2: INTEREST IN AGRICULTURAL LAND HEADING: PL 1983, C. 396, §1 (NEW)
§34. Exemptions
1. Family farm corporation or partnership. A family farm corporation or farm partnership as defined in section 32 shall not be required to comply with the reporting requirements in section 33.
[ 1983, c. 396, §1 (NEW) .]
2. Ten-acre exemption. A corporation or partnership owning less than 10 acres of land, which is the subject of a single acquisition or transfer, is not required to comply with the reporting requirements in section 33.
[ 1983, c. 396, §1 (NEW) .]
SECTION HISTORY
1983, c. 396, §1 (NEW).