§171-14.5 Auction pre-qualification; agricultural and pasture leases. (a) Whenever used in this section, unless otherwise apparent from the context:
"Farm" also means "ranch" and "farmer" also means "rancher".
"Individual" means a natural person who is not a part of a partnership, corporation, or joint venture that is a potential bidder under this section.
"Nonindividual farm concern" means a partnership, corporation, or joint venture properly formed under law and that is a potential bidder under this section.
(b) Any other law to the contrary notwithstanding, to be eligible to bid in an auction for agricultural or pasture leases, a potential bidder shall be a bona fide individual farmer or a nonindividual farm concern: