Senate Amendment 1
S 576 - Session 125 (2023-2024)
Alien Ownership of Real Property

Senator Hutto proposes the following amendment (SMIN-576.MW0018S):

Amend the bill, as and if amended, SECTION 1, by striking Section 27-13-30(A)(4) and inserting:

(4) "Dominant shareholder" means the single owner of thirty-three percent or more of a legal entity engaged in commerce's stock, securities, or other indicia of ownership; or multiple owners of twenty percent or more of a legal entity engaged in commerce's stock, securities, or other indicia of ownership.