Mo. Code Regs. tit. 2 § 20-3.020

Current through Register Vol. 49, No. 21, November 1, 2024.

Section 2 CSR 20-3.020 - Interest Defined

PURPOSE: This rule defines an interest as it relates to registration with the Missouri Department of Agriculture of foreign persons or entities who or which own agricultural

land in Missouri pursuant to Chapter 442, RSMo.

(1) Interest, as used in 2 CSR 20-3.010(1) and (2), shall be defined as all interests acquired, transferred or held in agricultural lands by a foreign person, as that term is defined in section 442.591, RSMo (1986), except-

(A) Leaseholds of less than ten (10) years;

(B) Contingent future interests;

(C) Noncontingent future interests which do not become possessory upon the termination of the present possessory estate; and

(D) Surface or subsurface easements and rights-of-way used for a purpose unrelated to agricultural production.

2 CSR 20-3.020

AUTHORITY: section 442.592, RSMo 1986.* Original rule filed Jan. 12, 1982, effective May 15, 1982.

*Original authority: 442.592, RSMo 1979, amended 1993, 1995.