The bill S. 106 proposes an amendment to Section 27-13-30 of the South Carolina Code of Laws, which currently regulates the ownership and control of land in the state by aliens and corporations owned by aliens. The key change introduced by this bill is the reduction of the maximum allowable land ownership from five hundred thousand acres to one thousand acres for these entities. This aims to limit the extent of land that can be owned or controlled by non-citizens or foreign corporations within South Carolina.

Additionally, the bill clarifies that the existing exemptions for lands owned or controlled by aliens or their corporations, as well as lands mortgaged to them as of March 9, 1896, remain unchanged. The bill will take effect upon approval by the Governor, reflecting a significant shift in land ownership policy aimed at restricting foreign ownership in the state.

Statutes affected:
12/11/2024: 27-13-30
Latest Version: 27-13-30