SB 2150 — AN ACT to amend and reenact subsection 7 of section 10-06.1-01, subsection 3 of section 10-06.1-12.2, subdivision b of subsection 1 of section 10-06.1-15.2, subdivision d of subsection 3 of section 10-06.1-17, and subsection 3 of section 10-06.1-17.1 of the North Dakota Century Code, relating to corporate or limited liability company farming and ranching.

25.0606.01000 Sixty-ninth Legislative Assembly of North Dakota In Regular Session Commencing Tuesday, January 7, 2025 SENATE BILL NO.

2150 of(Senators North Dakota Introduced by Senators Thomas, LuickLuick) Representative(Representative BeltzBeltz) AAN BILLACT for an Act to amend and reenact subsection 7 of section 10-06.1-01, subsection 3 of section 10-06.1-12.2, subdivision b of subsection 1 of section 10-06.1-15.2, subdivision d of subsection 3 of section 10-06.1-17, and subsection 3 of section 10-06.1-17.1 of the North Dakota Century Code, relating to corporate or limited liability company farming and ranching.

Page(1) No.All shareholders who are individuals must be citizens of the United States, permanent resident aliens of the United States, or an authorized individualperson under section 47-10.1-02.

1 25.0606.01000 Sixty-ninth Legislative Assembly (1) All shareholders who are individuals must be citizens of the United States, permanent resident aliens of the United States, or an authorized individualperson under section 47-10.1-02.

(2)S. All members that are persons otherwise eligible under this chapter, and any controlling individual or entityorganization of the person, must be organized in the United States and one hundred percent of the interests must be owned by citizens of the United States, permanent resident aliens of the United States, or an authorized individualperson under section 47-10.1-02.

B.

NO.

2150 - PAGE 2 (2) All members that are persons otherwise eligible under this chapter, and any controlling individual or entityorganization of the person, must be organized in the United States and one hundred percent of the interests must be owned by citizens of the United States, permanent resident aliens of the United States, or an authorized individualperson under section 47-10.1-02.

Page(7) No.As to individuals, a statement of whether each will be actively engaged in the business of farming or ranching;

2 25.0606.01000 Sixty-ninth Legislative Assembly (7) As to individuals, a statement of whether each will be actively engaged in the business of farming or ranching;

b.S.

B.

NO.

2150 - PAGE 3 b.

Page(1) No.A statement of the aggregate number of shares the authorized livestock farm corporation has authority to issue, itemized by classes, par value of shares, shares without par value, and series, if any, within a class.

3 25.0606.01000 Sixty-ninth Legislative Assembly (1) A statement of the aggregate number of shares the authorized livestock farm corporation has authority to issue, itemized by classes, par value of shares, shares without par value, and series, if any, within a class.

and (8) As to personsa person other than an individual, a statement of whether the person, and any controlling personindividual or organization of the person, is incorporated or organized in the United States and one hundred percent of the stock or interests is owned by citizens of the United States, Pagepermanent No.resident aliens of the United States, or individuals or persons in compliance withan authorized person under section 47-10.1-02.

4 25.0606.01000 Sixty-ninth Legislative Assembly permanent resident aliens of the United States, or individuals or persons in compliance withan authorized person under section 47-10.1-02.

or (2)S. If an authorized livestock farm limited liability company, the names and addresses of the managers and members of the board of governors, and a statement whether each actively is actively engaged in the operation of the limited liability company.

B.

NO.

2150 - PAGE 4 (2) If an authorized livestock farm limited liability company, the names and addresses of the managers and members of the board of governors, and a statement whether each actively is actively engaged in the operation of the limited liability company.

Pagek. No.

5 25.0606.01000 Sixty-ninth Legislative Assembly k.

PageS. No.

6B. 25.0606.01000

NO.

2150 - PAGE 5 ____________________________ ____________________________ President of the Senate Speaker of the House ____________________________ ____________________________ Secretary of the Senate Chief Clerk of the House This certifies that the within bill originated in the Senate of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as Senate Bill No.

2150.

Senate Vote:

Yeas 41 Nays 4 Absent 2 House Vote:

Yeas 91 Nays 0 Absent 3 ____________________________ Secretary of the Senate Received by the Governor at ________M.

on _____________________________________, 2025.

Approved at ________M.

on __________________________________________________, 2025.

____________________________ Governor Filed in this office this ___________day of _______________________________________, 2025, at ________ o’clock ________M.

____________________________ Secretary of State