SB2337: Required filings for foreign persons investing in agricultural lands; to provide for a legislative management report; to provide a penalty; to provide a contingent effective date; and to provide an expiration date.

Legislative Summary

A BILL for an Act to amend and reenact sections 11-11-70, 40-05-26, 47-01-09, and 47-10.1-05 of the North Dakota Century Code, relating to the powers of a board of county commissioners, a board of city commissioners, and a city council regarding development by a foreign country of concern or foreign organization of concern, prohibiting ownership of real property by a foreign country of concern or a foreign organization of concern, and required filings for foreign persons investing in agricultural lands; to repeal section 47-10.1-05 of the North Dakota Century Code, relating to required filings for foreign persons investing in agricultural lands; to provide for a legislative management report; to provide a penalty; to provide a contingent effective date; and to provide an expiration date.