prohibit natural asset companies.

Summary

The bill adds new definitions for “natural asset” and “natural asset company” and then bars the state from any financial or contractual relationship with such companies. It also prevents natural asset companies from operating, acquiring land, or holding interests in South Dakota. Violations can be sued in circuit court and the Secretary of State must revoke any business authority granted to these entities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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