A BILL for an Act to create and enact a new section to chapter 54-09 of the North Dakota Century Code, relating to statements of ownership filed with the secretary of state; and to provide a penalty.
HB 1555 would require certain businesses and organizations to file statements of ownership with the North Dakota Secretary of State. The bill establishes a new legal requirement for these filings and specifies penalties for failing to submit them or providing false information. This directly affects entities that must disclose their ownership structure to the state, such as corporations or limited liability companies. The key mechanism creates a mandatory filing process with defined penalties for non-compliance under North Dakota law.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Apr 2025
House Passage
Feb 2025
Senate Failed
Apr 2025
Governor
Introduced Jan 20, 2025
Last action Apr 7, 2025
Maddy AI version diff · 1 comparison
What changed between versions
INTRODUCED
→
FIRST ENGROSSMENT
·
5 edits
MODERATE
This bill fundamentally changes its purpose from regulating foreign agricultural land investments to regulating foreign organization ownership disclosures. The new version creates a requirement for organizations to file statements with the secretary of state certifying whether they are foreign organizations of concern, replacing the previous focus on agricultural land investment reporting.
Scope change
The bill's scope shifted from agricultural land investment reporting (chapter 47-10.1) to general organization ownership statements (chapter 54-09)
SCOPE
Removed all provisions related to foreign persons investing in agricultural lands and reporting to the agriculture commissioner
REQUIREMENT
Added requirement for organizations to file statements certifying whether they are foreign organizations of concern simultaneously with registration documents
DEFINITION
Added new definitions for 'foreign country of concern' and 'foreign organization of concern' based on federal sanctions lists
ENFORCEMENT
Changed enforcement from agriculture commissioner oversight to secretary of state forwarding violations to attorney general for prosecution
TIMELINE
Removed contingent effective date tied to repeal of Agricultural Foreign Investment Disclosure Act
Floor votes · Senate Apr 7, 2025 · House Feb 18, 2025
How they voted
3–44
Failed
Total votes 47
Apr 7, 2025
D
Democratic5
80% Nay
R
Republican42
95% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
6
Committee
4
Apr 7, 2025
Vote failed
Senate Vote: fail (3-44)
senate
Apr 4, 2025
Upper · Passed
Reported back, do not pass, placed on calendar 5 0 1
upper
Mar 20, 2025
Upper · Passed
Committee Hearing 10:45
upper
Feb 20, 2025
Introduced
Introduced, first reading, referred State and Local Government Committee
upper
Feb 18, 2025
Lower · Passed
Second reading, passed, yeas 56 nays 35
lower
Feb 17, 2025
Lower · Passed
Amendment adopted, placed on calendar
lower
Feb 14, 2025
Lower · Passed
Reported back amended, do pass, amendment placed on calendar 10 1 3
lower
Feb 7, 2025
Lower · Passed
Committee Hearing 08:30
lower
Jan 20, 2025
Introduced
Introduced, first reading, referred Agriculture Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeff Hoverson
RRepublican
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