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SB264 – New Florida Law Prohibits “Foreign Principals” from Purchasing Certain Florida Real Property
A new law in Florida will prohibit “foreign principals” from purchasing agricultural land or certain real property in the state. The new law, Senate Bill 264, was signed into law on May 8, 2023, and becomes effective July 1, 2023. The law creates what is now Part III of Florida Statutes Chapter 692 (to be…