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Texas Property Code

§ 5.253 — PROHIBITION ON PURCHASE OR ACQUISITION OF REAL PROPERTY

PR § 5.253Title 2. CONVEYANCES · Ch. 5. CONVEYANCES · Art. H. PURCHASE OR ACQUISITION OF REAL PROPERTY BY CERTAIN FOREIGN INDIVIDUALS OR ENTITIES

Statute text

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Notwithstanding any other law, the following may not purchase or otherwise acquire an interest in real property in this state:
(1)a governmental entity of a designated country;
(2)a company or organization that is:
(A)headquartered in a designated country;
(B)directly or indirectly held or controlled by the government of a designated country;
(C)owned by or the majority of stock or other ownership interest of which is held or controlled by individuals described by Subdivision (4); or

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 956 (S.B. 17), Sec. 4, eff. September 1, 2025.