NONCITIZEN OWNED PROPERTY

Amends the Property Owned by Noncitizens Act. Repeals language providing that all noncitizens may acquire, hold, and dispose of real and personal property in the same manner and to the same extent as natural born citizens of the United States, and the personal estate of a noncitizen dying intestate shall be distributed in the same manner as the estates of natural born citizens, and all persons interested in such estate shall be entitled to proper distributive shares thereof under the laws of this state, whether they are noncitizens or not. Provides instead that noncitizens may acquire and hold real property only if the real property is purchased from another noncitizen, and the personal estate of a noncitizen dying intestate shall be escheated back to the State, including land subject to the Agricultural Foreign Investment Disclosure Act.