Code of Maine Rules
01 - DEPARTMENT OF AGRICULTURE, CONSERVATION AND FORESTRY
001 - MAINE MILK COMMISSION
Chapter 7 - ADOPTION OF AGRICULTURAL LAND INTEREST FORM
Section 001-7-2 - Report Required
Universal Citation: 01 ME Code Rules ยง 001-7-2
Current through 2024-13, March 27, 2024
A. Conditions requiring report. Any corporation or partnership which, on its own behalf or acting as a fiduciary or trustee on behalf of another, holds, acquires or transfers any interest in agricultural land shall submit an annual report to the Commissioner not later than 90 days after January 1st, or the date of that acquisition or transfer, Whichever is earlier.
B. Information required by statute includes:
a. The legal name and address of the
corporation or partnership filing and type of legal entity;
b. the nature of the interest in agricultural
land which that corporation or partnership has acquired or transferred and the
date of that activity;
c. the legal
description and acreage of the agricultural land;
d. the use of the agricultural land at the
date of acquisition or transfer and the use to which the land shall be put by
the person acquiring it;
e. the
appraised value of the agricultural land and the consideration given;
f. the name, address and type of legal entity
of the person from whom acquired or to whom transferred.
C. Information required by the Commissioner of Agriculture includes:
a. the type of
activity;
b. the relationship of
the producer to the owner of the land,
c. (if applicable) the rental agreement;
and
d. if the producer on this
tract is the same producer as when the tract was acquired or is a new
person.
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