Authorized farm corporation definition

Authorized farm corporation means a corporation meeting the following standards:
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Authorized farm corporation means a corporation other than a family farm corporation founded for the purpose of farming and the ownership of agricultural land in which:
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Authorized farm corporation means a Kansas corporation, other than a family farm corporation, all of the incorporators of which are Kansas residents, family farm corporations or family farm limited liability agricultural companies or any combination thereof, and which is founded for the purpose of farming and the ownership of agricultural land in which:
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More Definitions of Authorized farm corporation

Authorized farm corporation means a corporation meeting the following standards under clause (1) or (2):
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Authorized farm corporation means a Kansas corporation,[147] other than a family farm corporation, all of the incorporators of which are Kansas residents [or]
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Authorized farm corporation means a corporation meeting thefollowing standards:
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Authorized farm corporation means a corporation other
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Related to Authorized farm corporation

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.