Exemptions

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§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.  

[PL 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.  

[PL 1983, c. 396, §1 (NEW).]

SECTION HISTORY

PL 1983, c. 396, §1 (NEW).


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