AZ Law Restricts Foreign Land Ownership - Weiner Brodsky Kider PC
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AZ Law Restricts Foreign Land Ownership - Weiner Brodsky Kider PC
Arizona recently passed a law that restricts foreign adversary nations (currently China, Russia, Iran, and North Korea) and their agents from directly or indirectly purchasing, owning, or acquiring an interest of thirty percent (30%) or more in real property in the state. The new law gives the Arizona Attorney General the power to enforce the prohibition in superior court where the property is located and to report a violation to the FBI or to …
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