Federal · Title 7 — Agriculture

7 U.S.C. § 3501: Reporting requirements

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the legal name and the address of such foreign person; in any case in which such foreign person is an individual, the citizenship of such foreign person; in any case in which such foreign person is not an individual or a government, the nature of the legal entity holding the interest, the country in which such foreign person is created or organized, and the principal place of business of such foreign person; the type of interest in agricultural land which such foreign person acquired or transferred; the legal description and acreage of such agricultural land; the purchase price paid for, or any other consideration given for, such interest; in any case in which such transferee is an individual, the citizenship of such transferee; and in any case in which such transferee is not an individual or a government, the nature of the legal entity holding the interest, the country in which such transferee is created or organized, and the principal place of business of such transferee; the agricultural purposes for which such foreign person intends, on the date on which such report is submitted to the Secretary, to use such agricultural land; and such other information as the Secretary may require by regulation. the legal name and the address of such foreign person; in any case in which such foreign person is an individual, the citizenship of such foreign person; in any case in which such foreign person is not an individual or a government, the nature of the legal entity holding the interest, the country in which such foreign person is created or organized, and the principal place of business of such foreign person; the type of interest in agricultural land which is held by such foreign person; the legal description and acreage of such agricultural land; the purchase price paid for, or any other consideration given for, such interest; is using such agricultural land on the date on which such report is submitted to the Secretary; and intends, as of such date, to use such agricultural land; and such other information as the Secretary may require by regulation. Any person who holds or acquires (on or after the effective date of this section) any interest, other than a security interest, in agricultural land at a time when such person is not a foreign person and who subsequently becomes a foreign person shall submit a report to the Secretary not later than 90 days after the date on which such person becomes a foreign person. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain the information required by subsection (b) of this section. This subsection shall not apply with respect to any person who is required to submit a report with respect to such land under subsection (b) of this section. Any foreign person who holds or acquires (on or after the effective date of this section) any interest, other than a security interest, in land at a time when such land is not agricultural land and such land subsequently becomes agricultural land shall submit a report to the Secretary not later than 90 days after the date on which such land becomes agricultural land. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain the information required by subsection (b) of this section. This subsection shall not apply with respect to any person who is required to submit a report with respect to such land under subsection (b) of this section. the legal name and the address of each person who holds any interest in such foreign person; in any case in which the holder of such interest is an individual, the citizenship of such holder; and in any case in which the holder of such interest is not an individual or a government, the nature of the legal entity holding the interest, the country in which such holder is created or organized, and the principal place of business of such holder. the legal name and the address of any person who holds any interest in the person submitting the report under this subsection; in any case in which the holder of such interest is an individual, the citizenship of such holder; and in any case in which the holder of such interest is not an individual or a government, the nature of the legal entity holding the interest, the country in which such holder is created or organized, and the principle 1 place of business of such holder. 1 So in original. Probably should be “principal”. Except as provided in subsection (b) of this section, this Act [enacting this chapter] shall become effective on the date of the enactment of this Act [ Oct. 14, 1978 ]. Section 2 [ section 3501 of this title ] shall become effective on the date on which regulations prescribed by the Secretary under section 8 [ section 3507 of this title ] become effective.”

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