NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 610

HOUSE BILL 1306

AN ACT TO REQUIRE REPORTING OF FOREIGN OWNERSHIP OF REAL PROPERTY INTEREST IN NORTH CAROLINA.

The General Assembly of North Carolina enacts:

Section 1.  The General Statutes of North Carolina are hereby amended by adding a new section to be designated as G.S. 64-1.1 to read as follows:

"The Secretary of State is authorized and directed to collect all information obtainable from reports by aliens made to agencies of the federal government on ownership of real property interests in North Carolina, to be updated every three months, and to maintain a file on such information which shall be available to the members of the General Assembly and the public."

Sec. 2.  This act shall be in full force and effect after ratification.

In the General Assembly read three times and ratified, this the 21st day of May, 1979.