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PROPOSEDPROPOSED BILLSouth DakotaMEDIUM IMPACT

Restrictions on Real Property Ownership by Prohibited Entities

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PROPOSED LEGISLATIONThis bill has been introduced but has NOT been signed into law. Legislative proposals may be amended, passed, or fail to advance. This is not current law.

This proposed bill would restrict certain entities from owning real property interests in South Dakota. It also outlines how these restrictions will be enforced. Before this change, there were no specific prohibitions against ownership of real property by the mentioned prohibited entities. This new restriction affects those entities that are now considered prohibited and may impact their ability to own or transfer real estate within the state. The exact effective date is not specified.

Published March 12, 2026
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