La. Rev. Stat. § 3:3615
This is the official text of La. Rev. Stat. § 3:3615, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Exceptions
Official statutory text
The provisions of this Part shall not apply to foreign business entities that might otherwise qualify as a foreign adversary owning agricultural lands under the following circumstances:
(1) If the right is guaranteed by a treaty or if the person's country of origin affords certain real estate rights to United States citizens.
(2) If a title to agricultural land is held as a security to indebtedness or real estate acquired upon collection of a debt.
(3) If such foreign business entity is a religious, educational, charitable, or scientific corporation.
(4) If inherited land, or land received by such foreign business entity as payment for a debt, is sold or transferred within five years.
Acts 2024, No. 420, §1.
(1) If the right is guaranteed by a treaty or if the person's country of origin affords certain real estate rights to United States citizens.
(2) If a title to agricultural land is held as a security to indebtedness or real estate acquired upon collection of a debt.
(3) If such foreign business entity is a religious, educational, charitable, or scientific corporation.
(4) If inherited land, or land received by such foreign business entity as payment for a debt, is sold or transferred within five years.
Acts 2024, No. 420, §1.
Status: in_force · Read it on the official government site
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