MS SB2473

Prohibits entities that acquire or hold land in Mississippi from being owned by or transferred to any nonresident alien or entity belonging to countries designated as foreign adversaries by the U.S. Secretary of Commerce or known human rights violators.

Expands the definition of "nonresident alien" to include individuals, corporations, partnerships, and foreign governments domiciled in designated foreign adversary nations or human rights violator countries, with ownership restrictions applying to entities domiciled in the U.S. if majority-owned by such foreign entities.

Requires nonresident aliens acquiring land through inheritance to dispose of it within one year and through debt collection to dispose within two years, with failure to comply triggering formal notice and potential Attorney General enforcement action.

Establishes escalating civil penalties for violations: first offense $100,000-$250,000, second offense $250,000-$750,000, and third and subsequent offenses $750,000-$5,000,000, with property subject to civil forfeiture after 30 days of non-payment.

Requires real estate brokers to disclose the chapter's requirements and limitations to prospective buyers and sellers, and provides immunity from liability for attorneys, title insurers, lenders, and other transaction participants who fail to investigate a party's foreign adversary status.