AR HB1358

Clarifies that prohibited foreign-party-controlled business entities violating land ownership restrictions are guilty of an unclassified felony, punishable by up to 2 years' imprisonment, a $15,000 fine, or both

Corrects internal code references in definitions of "significant interest" and "substantial control" for foreign ownership of agricultural land, changing "subdivision (5)(A)" to "subdivision (5)"

Ratifies the Arkansas Code Revision Commission's decision to fix reference errors in foreign agricultural land ownership statutes

Specifies that this act makes only technical corrections and does not substantively change existing law or repeal other acts from the 95th General Assembly

Approved on February 25, 2025