An Act to require an ownership disclosure for any non-individual entity that exercises eminent domain.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That a NEW SECTION be added to chapter 21-35:

If an entity, including a corporation, group, or any person other than an individual, files a petition pursuant to this chapter, the entity must attach a verified ownership disclosure containing:

(1) The legal name of the entity;

(2) The primary address of the entity;

(3) Any registered agent contact information;

(4) Documentation of the entity’s legal status, including evidence of incorporation, organization, or registration under the laws of this state; and

(5) The name, address, and legal status of any member, owner, partner, shareholder, or other person with an ownership interest in the entity.