Prohibits foreign-party-controlled businesses from owning non-agricultural land in Tennessee and mandates registration and divestment.
This bill amends Tennessee law to prohibit foreign-party-controlled businesses and prohibited foreign parties from acquiring or holding interests in non-agricultural land. It mandates registration with the secretary of state, including details about the entity and its agents. Failure to divest within two years results in legal action by the attorney general. Violations carry civil penalties and criminal charges. The act takes effect July 1, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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