RS 3:3615
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/la/title-3/3-1425A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 3:3615
§3615. Exceptions
The provisions of this Part shall not apply to foreign business entities that might otherwise qualify as a foreign adversary owning agricultural lands under the following circumstances:
(1)If the right is guaranteed by a treaty or if the person's country of origin affords certain real estate rights to United States citizens.
(2)If a title to agricultural land is held as a security to indebtedness or real estate acquired upon collection of a debt.
(3)If such foreign business entity is a religious, educational, charitable, or scientific corporation.
(4)If inherited land, or land received by such foreign business entity as payment for a debt, is sold or transferred within five years.
Acts 2024, No. 420, §1.