The proposed bill mandates that any non-individual entity, such as a corporation or group, that files a petition for eminent domain must include a verified ownership disclosure as part of their submission. This disclosure must contain specific information, including the legal name and primary address of the entity, contact information for any registered agent, documentation proving the entity's legal status, and details about individuals with ownership interests in the entity.

The ownership disclosure aims to enhance transparency in the eminent domain process by ensuring that the identities and legal statuses of entities exercising such powers are clearly documented. This requirement is intended to provide clarity and accountability regarding who is behind the petitions for eminent domain, thereby protecting the interests of affected individuals and communities.