Bill > HB755

This bill proposes to prohibit non-resident aliens and foreign entities from owning real property in Montana, requiring any such property owners to divest their interests within 6 months of the law's effective date (January 1, 2026). The bill defines an "alien" as anyone who is not a U.S. citizen or national, and a "foreign entity" as an organization formed under foreign laws or with its principal business location outside the United States. If an alien or foreign entity does not sell their property within the specified 6-month period, the county sheriff may sell the property at a public auction. The attorney general or county attorney can bring legal action to enforce this prohibition. The legislation applies only to properties purchased on or after the effective date and is intended to be integrated into Montana's existing property law. Importantly, the bill provides a specific definition of "resident" as someone lawfully domiciled in Montana or maintaining a permanent abode in the state, even if temporarily absent. The bill represents a significant restriction on foreign property ownership in Montana, potentially impacting international investors and property buyers.

Justice

https://bills.legmt.gov/#/laws/bill/2/LC1740