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Current as of January 01, 2023 | Updated by Findlaw Staff
The provisions of this Part shall not apply to foreign business entities that might otherwise qualify as a foreign adversary owning agricultural lands under the following circumstances:
(1) If the right is guaranteed by a treaty or if the person's country of origin affords certain real estate rights to United States citizens.
(2) If a title to agricultural land is held as a security to indebtedness or real estate acquired upon collection of a debt.
(3) If such foreign business entity is a religious, educational, charitable, or scientific corporation.
(4) If inherited land, or land received by such foreign business entity as payment for a debt, is sold or transferred within five years.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 3, § 3615. Exceptions - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-3-sect-3615/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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