Bill > SB1106

This bill proposes to prohibit certain foreign corporations from acquiring residential real estate in Missouri, starting August 28, 2026. Specifically, the bill defines a "foreign corporation" as an investment vehicle with up to 150 private investors, not required to register as an investment company with the SEC, having at least $50 million in net value, and headquartered outside of Missouri. The definition explicitly excludes banks and financial institutions incorporated in Missouri. "Residential real estate" is defined as property with up to four dwelling units used or intended for human residential living. Under the proposed law, if a foreign corporation, or its affiliate or subsidiary, acquires residential real estate after the specified date, the Missouri Attorney General can file a legal action in circuit court. If the court finds a violation, it must order the sale of the property within 90 days. The bill appears aimed at limiting foreign investment in Missouri's residential real estate market, potentially to protect local housing availability or address concerns about foreign property ownership.

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https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=95