64:41:01:03.  Operating property leased for agricultural purposes. Leasing operating property for agricultural purposes does not change the character of the property from operating to nonoperating property.

          Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.

          General Authority: SDCL 10-28-25.

          Law Implemented: SDCL 10-28-1, 10-28-11.