Relating to the acquisition of real property by certain business entities

SB 1106 prohibits foreign corporations (defined as investment vehicles with $50M+ assets, ≤150 investors, and foreign headquarters) and their affiliates from acquiring residential real estate in Missouri after August 28, 2026. Residential real estate is defined as properties with up to four dwelling units used for human occupancy. The Missouri Attorney General can sue violators, and courts must order the sale of illegally acquired property within 90 days. This bill directly affects foreign investment entities meeting the defined criteria but excludes Missouri-incorporated banks and financial institutions. The law is pending and would take effect in 2026.