This bill aims to amend and enact various sections of the North Dakota Century Code concerning foreign ownership of property and the certification of foreign grantees. It introduces new provisions that require a grantee or their authorized agent to certify on the face of a deed whether the grantee is allowed or prohibited from owning property under section 47-01-09. Additionally, it establishes penalties for willful falsification of ownership statements and mandates that county recorders cannot accept deeds without the required certification. The bill also prohibits boards of county and city commissioners from approving development agreements with foreign countries or organizations of concern, while allowing exceptions for certain registered businesses that meet specific criteria.

Furthermore, the bill repeals section 47-10.1-05, which previously outlined required filings for foreign persons investing in agricultural lands, and introduces new reporting requirements for foreign organizations to file beneficial ownership information with the secretary of state. It also stipulates that the attorney general must review filings for compliance and prosecute any violations. The bill includes a contingent effective date for the repeal of the Agricultural Foreign Investment Disclosure Act, ensuring that the new provisions align with federal regulations. Overall, the legislation seeks to enhance oversight and regulation of foreign ownership in North Dakota, particularly in relation to real property and agricultural investments.

Statutes affected:
PREFILED: 11-11-70, 40-05-26, 47-01-09, 47-10.1-05
INTRODUCED: 11-11-70, 40-05-26, 47-01-09, 47-10.1-05