Changes the laws regarding the foreign ownership of real property, with a penalty provision

Summary

The bill would treat non‑U.S. citizens and foreign‑owned companies like Missouri residents for most real‑estate purchases, but would bar them from acquiring agricultural land once foreign ownership reaches one percent of the state’s farm acreage. Any proposed sale would have to be reviewed by the Department of Agriculture and the attorney general, with violations subject to court‑ordered divestiture. The measure aims to protect Missouri farmland from excessive foreign control.

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

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