Bill > SB147

This bill amends the Texas Civil Practice and Remedies Code and the Texas Property Code to prohibit certain foreign individuals and entities, particularly those from "designated countries" that pose a national security risk, from purchasing or acquiring title to real property in Texas, with some exceptions. The bill gives the Texas Attorney General the authority to enforce these new restrictions and allows the courts to order the divestment of property acquired in violation of the law and the appointment of a receiver to manage and sell the property. The bill also requires the Attorney General to adopt rules for implementing these new provisions and specifies that the changes apply only to property purchased or acquired on or after the effective date of the Act.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB147