Missouri SB1106 prohibits foreign corporations from acquiring residential real estate in the state starting August 28, 2026.
Missouri SB1106 amends Chapter 442 by adding a new section that restricts foreign corporations from acquiring residential real estate in the state. The bill defines "foreign corporation" as an investment vehicle with specific characteristics, such as having a net value of at least fifty million dollars and a primary place of business outside Missouri. The attorney general can bring legal action against any corporation found to have violated this restriction, and the court can order the sale of the acquired property within ninety days of the order.
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