Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.

Summary

The bill establishes a new law that prohibits certain types of businesses from purchasing residential real‑estate. It applies to those businesses and to sellers of residential homes who might otherwise sell to them. The measure is intended to limit business ownership of residential housing.

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

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