Prohibit Foreign Ownership of NC Land

This bill prohibits certain foreign entities, defined as "adversarial foreign governments" or parties controlled by them, from buying or leasing agricultural land or land within 50 miles of military bases in North Carolina. Existing foreign owners of such land must register with the Secretary of State and may face penalties if they do not sell or transfer additional land within a year. Buyers of this type of land will need to provide an affidavit stating they are not a prohibited foreign party.

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