Data on Foreign Ownership of Property Within the United States: Hearing Before the Subcommittee on Census and Population of the Committee on Post Office and Civil Service, House of Representatives, Ninety-fifth Congress, First Session, on H.R. 7411 ... July 15, 1977

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Stran 41 - ... that he is a citizen of the United States, or has declared his intention to become such...
Stran 41 - Conditions or restrictions, unlimited as to time, by which the title or use of real property is affected, shall be limited to the term of thirty years after the date of the deed or other instrument or the date of the probate of the will creating them, except in cases of gifts or devises for public, charitable or religious purposes.
Stran 30 - Code, relating to censuses, is amended by adding at 5 the end thereof the following new section : 6 "§ 197.
Stran 42 - May 20, 1973, no corporation shall engage in farming; nor shall any corporation, directly or indirectly, own. acquire, or otherwise obtain an interest, whether legal, beneficial or otherwise, in any title to real estate used for farming or capable of being used for farming in this state. Provided, however, that the restrictions...
Stran 36 - Dear Mr. Chairman: Thank you for the invitation to testify before your Subcommittee on July 15th regarding HR 7411 introduced by Mr.
Stran 27 - I would like to make it very clear that there is no intent whatsoever to publish the names of owners in this bill.
Stran 11 - International investment" means (1) the ownership or control, directly or indirectly, by contractual commitment or otherwise, by foreign persons of any interest in property in the United States, or of stock, other securities, or short- and long-term debt obligations of a United States person, and (2) the ownership or control, directly or indirectly, by contractual commitment or otherwise, by United States persons of any interest in property outside the United States, or of stock, other securities,...
Stran 44 - ... own or hold rural real estate, used or usable, for farming or agriculture, except such as is reasonably necessary in the conduct of their business, shall dispose of the same within ten years from the date that this Act takes effect . . .," and that "the ten year limitation provided by this Section shall be deemed a covenant, running with the title to the land against any grantee, successor of (or) assignee of such corporation, which is also a corporation.
Stran 42 - A corporation may hold such agricultural land in such acreage as may be necessary to its nonfarm business operation; 'provided, however, that pending the development of agricultural land for nonfarm purposes, such land may not be used for farming except under lease to a family farm unit, a family farm corporation or an authorized farm corporation, or except when controlled through ownership, options, leaseholds, or other agreements by a corporation which has entered into an agreement with the United...
Stran 41 - ... (b) All covenants, conditions or restrictions hereafter created by which the title or use of real property is affected, shall cease to be valid and operative thirty years after the date of the deed, or other instrument, or the date of the probate of the will, creating them; and after such period of time they may be wholly disregarded.

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