NC Farmland and Military Protection Act.

Added specific criteria to the definition of 'De minimis direct interest' to clarify that owning less than 10% of a public company's stock or having a non-controlling interest in a US-registered investment adviser counts as a passive, non-prohibited interest.

Expanded the definition of 'Prohibited foreign party' to explicitly list entities created under state laws or foreign laws that are controlled by adversarial governments or other prohibited parties.

Removed internal committee tracking information, session dates, and draft edition markers, replacing them with the official 'Ratified Bill' header.

The bill's edition number was updated from 3 to 4, and the date was changed to reflect the Fourth Edition Engrossed on 6/23/26.

The internal formatting of the definitions section was restructured. The text previously spanning lines 33-49 in Edition 3 was reorganized into a new layout in Edition 4, but the actual legal meaning and wording of the definitions for 'De minimis direct interest', 'Foreign government', 'Interest', 'Military installation', 'Party', and 'Prohibited foreign party' were not altered.

The short title and purpose sections were updated to explicitly mention the protection of lands adjacent to military installations alongside agricultural land.

The definition of 'agricultural land' was refined to exclude leased land used for research or input production if the leased acreage is 250 acres or less.

New definitions were added for 'de minimis direct interest,' 'foreign government,' 'party,' and 'prohibited foreign party' to clarify ownership thresholds and exemptions.

The definition of 'military installation' was expanded to include temporary military operations areas and requires the Real Estate Commission to publish a map of protected boundaries.

The criteria for what constitutes an 'adversarial foreign government' were tightened by referencing specific federal regulations and removing references to CFIUS determinations.

Exemptions were added for individuals owning less than 10% of a company's stock and for passive investors in US-registered investment advisers.

Added 'real property' to the list of lands prohibited from acquisition by adversarial foreign governments, extending the ban beyond just agricultural land to include any property near military installations.

Added specific exemptions for entities that have received a 'clean' determination from the Committee on Foreign Investment in the United States (CFIUS) or maintain a valid national security agreement with CFIUS.

Clarified the definition of 'agricultural land' to explicitly exclude leased land used for research and development if the leased acreage does not exceed 250 acres.

Created a new provision allowing lenders to automatically trigger a default on loans, mortgages, or deeds of trust if an adversarial foreign government violates the acquisition ban.

Added a new section outlining a formal divestiture procedure where the Attorney General investigates violations and issues subpoenas to recover prohibited land.

Added a provision stating that the act does not create a private right of action, meaning individuals cannot sue to enforce the law; only the state can pursue enforcement.

New law prohibiting adversarial foreign governments from purchasing, leasing, or holding interests in agricultural land and land within 75 miles of military installations.

New definitions for 'adversarial foreign government,' 'agricultural land,' 'controlling interest,' 'interest,' 'military installation,' and 'state-controlled enterprise.'

Provision stating that any transfer of land in violation of the new restrictions is automatically void.

The act is set to become effective on December 1, 2025.

Removed text related to an amendment regarding the recording of affidavits for deeds and the liability of the register of deeds.

Added a new requirement for an affidavit to be attached to deeds conveying ownership of agricultural land described in G.S. 64-63(a).

Clarified that the register of deeds is not liable for missing affidavits and that failure to attach the affidavit does not impair the deed's validity, lien priority, or insurability.

Changed the document header from a standard House Bill filing to an Amendment format, indicating this is a revision to the original bill text.