Louisiana § 3:3615 Exceptions

Louisiana Statutes

§ 3:3615 — Exceptions

Louisiana·Title 3 Agriculture and Forestry

§3615. Exceptions The provisions of this Part shall not apply to foreign business entities that might otherwise qualify as a foreign adversary owning agricultural lands under the following circumstances:

(1)If the right is guaranteed by a treaty or if the person's country of origin affords certain real estate rights to United States citizens.

(2)If a title to agricultural land is held as a security to indebtedness or real estate acquired upon collection of a debt.

(3)If such foreign business entity is a religious, educational, charitable, or scientific corporation.

(4)If inherited land, or land received by such foreign business entity as payment for a debt, is sold or transferred within five years.

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§3615. Exceptions
The provisions of this Part shall not apply to foreign business entities that might
otherwise qualify as a foreign adversary owning agricultural lands under the following
circumstances:
(1) If the right is guaranteed by a treaty or if the person's country of origin affords
certain real estate rights to United States citizens.
(2) If a title to agricultural land is held as a security to indebtedness or real estate
acquired upon collection of a debt.
(3) If such foreign business entity is a religious, educational, charitable, or scientific
corporation.
(4) If inherited land, or land received by such foreign business entity as payment for
a debt, is sold or transferred within five years.

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