Missouri Code of State Regulations › Title 2 - DEPARTMENT OF AGRICULTURE › Division 20 - Administrative Services › Chapter 3 - Registration of Foreign-Owned Agricultural Land › Section 2 CSR 20-3.040 - Procedure for Filing

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets out procedures for the
				  registration of foreign ownership of agricultural land with the Missouri
				  Department of Agriculture in compliance with section
				  442.592,
				  RSMo 1986.
(1) A report upon
				forms, which will be provided upon written request to the Department of
				Agriculture, shall be filed within thirty (30) days of the date of acquisition
				or transfer of any interest in agricultural land in Missouri by any foreign
				person, as that term is defined in section 442.592.1., RSMo 1986.
(2) These reports shall be submitted in
				duplicate. Both copies shall be completed in full and each shall be signed as
				an original.
(3) Each copy of the
				report shall be signed personally by the individual foreign person holding
				interest in the agricultural land or by the legally authorized representative
				of that foreign person. If the reports are signed by the legally authorized
				representative of a foreign person, there shall be attached an appropriate
				document designating the individual signing as the authorized representative of
				the foreign person in question.
(4)
				The report required by this rule shall contain the following information in the
				appropriate spaces provided on the form:
(A)
				The legal name and address of the foreign person;
(B) In any case in which the foreign person
				is an individual, the citizenship of the foreign person;
(C) In any case in which the foreign person
				is not an individual or a government-
1. The
				nation in which the foreign person is created or organized; and
2. The legal name and address of each person
				who holds any interest comprising five percent (5%) or more of the foreign
				person, directly or indirectly, through other persons or entities; and in any
				case in which the holder of the interest is an individual, the citizenship of
				the holder and in any case in which the holder of the interest is not an
				individual or a government, the nation in which the holder is created or
				organized and the principal place of business of the holder;
(D) The type of interest in the
				agricultural land that is acquired or transferred by the foreign
				person;
(E) An exact legal
				description of the agricultural land, comporting with all requirements for
				recordation of title and including the county(ies) in which the land is located
				and the total acreage involved;
(F)
				The purchase price paid or received for or any other consideration given or
				received for the interest;
(G) In
				any case in which the foreign person transfers the interest, the legal name and
				address of the person to whom the interest is transferred.
1. In any case in which the transferee is an
				individual, the citizenship of the transferee.
2. In any case in which the transferee is not
				an individual or a government, the nation in which the transferee is created or
				organized and the principal place of business of the transferee;
(H) A declaration of the type of
				agricultural activity engaged in by the reporting foreign person; and
(I) In the case where any foreign person
				acquires an interest in agricultural land for the purposes outlined in section
				442.591, RSMo (1986),
				a declaration of the intended use of the land, which declaration shall be
				supplemented by submitting in writing to the director of the Department of
				Agriculture an amended declaration each time the intended use of all or a
				portion of the land changes.