63L-13-204. Purchase of interest of land or lease of an interest in land on behalf of restricted foreign entity prohibited -- Disclosure required.
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Effective 5/6/2026
63L-13-204. Purchase of interest of land or lease of an interest in land on behalf of restricted foreign entity prohibited -- Disclosure required.
(1)A person may not purchase an interest in land or lease an interest in land on behalf of a restricted foreign entity.
(2)A person violates Subsection
(1)if the person knowingly purchases an interest in land or leases an interest in land:
(a)using funds provided by a restricted foreign entity; or
(b)under the direction of a restricted foreign entity.
(3)An individual purchasing an interest in land shall disclose if the individual served in the military of a restricted foreign entity.
(4)An individual violates Subsection
(3)if the individual fails to disclose to the county recorder of the county in which the interest in land is located, on a form described in Subsection 63L-13-201(7) , that the individual served in the military of a restricted foreign entity.
(5)A person that violates Subsection
(1)is guilty of a third degree felony.
(6)An individual who violates Subsection
(3)is guilty of a third degree felony.
Amended by Chapter 361 , 2026 General Session