- (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