Untitled section

182.001

 

Corporations and trusts prohibited from owning or carrying on farming operations.

182.001(1)

(1)

 

Prohibition.

No corporation or trust may own land on which to carry on farming operations under sub. (3) or carry on farming operations under sub. (3) , unless the corporation or trust meets the following standards:

182.001(1)(a)

(a)

Its shareholders or beneficiaries do not exceed 15 in number. Lineal ancestors and lineal descendants, whether by blood or by adoption, and aunts, uncles and 1st cousins thereof count collectively as one shareholder or beneficiary for purposes of this paragraph, but this collective authorization shall not be used for more than one family in a single corporation or trust.

182.001(1)(b)

(b)

It does not have more than 2 classes of shares.

182.001(1)(c)

(c)

All its shareholders or beneficiaries, other than any estate, are natural persons.

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2023-24 Wisconsin Statutes updated

through 2025 Wis. Act 103 and through all Supreme Court Orders and Controlled Substances Board Orders filed before and in effect on April 3, 2026.

Published and certified under s. 35.18. Changes effective after April 3, 2026, are designated by NOTES.

(Published 4-3-26)