- (a) A prohibited foreign-party-controlled business may not acquire or own, directly or indirectly, any interest in any real estate in this state, including mineral rights.
- (b) A person may not hold any interest in real estate as an agent, trustee, or fiduciary on behalf of a prohibited foreign-party-controlled business.
- (c) Any interest in any real estate that is held on the effective date of this article shall be divested within six months of the effective date of this article.