South Dakota Code § 43-2B-2

Prohibitions on foreign ownership
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After the expiration of any applicable divestment period provided in §
43-2B-3
, a prohibited entity may not, during any time in which there exists a military installation in this state:
(1) Hold or obtain any real property interest located, in whole or in part, in this state; or
(2) Directly or indirectly control, finance, or hold a legal or equitable interest in any entity that holds a real property interest in this state.

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