The bill S. 204 aims to amend the South Carolina Code of Laws regarding alien ownership of real property. It specifically prohibits corporations controlled by a foreign adversary from acquiring any interest in real property within the state. Additionally, the bill reduces the maximum amount of real property that an alien or corporation may acquire from five hundred thousand acres to one thousand acres. The bill also defines key terms such as "foreign adversary" and "dominant shareholder" to clarify the entities affected by these restrictions.

Furthermore, the bill introduces a new section that allows parties adverse to those controlled by a foreign adversary to obtain summary judgment in civil actions if they can demonstrate that the foreign adversary is engaged in an abuse of process. This provision aims to prevent the misuse of legal processes for ulterior motives that could benefit foreign adversaries. The bill includes a mechanism for expedited appeals to the Supreme Court for summary judgments against parties controlled by foreign adversaries.

Statutes affected:
01/15/2025: 27-13-30, 15-35-190
Latest Version: 27-13-30, 15-35-190