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SB1106 • 2026

Relating to the acquisition of real property by certain business entities

Relating to the acquisition of real property by certain business entities

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Beck, Doug; House handler: N/A
Last action
2026-01-15
Official status
Second Read and Referred S General Laws Committee
Effective date
2026-08-28

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to the acquisition of real property by certain business entities

The following summaries of this bill are available: Print All Summaries Introduced Print SB 1106 - This act prohibits foreign corporations, as that term is defined in the act, from acquiring, directly or indirectly, any residential real estate in this state.

What This Bill Does

  • The following summaries of this bill are available: Print All Summaries Introduced Print SB 1106 - This act prohibits foreign corporations, as that term is defined in the act, from acquiring, directly or indirectly, any residential real estate in this state.
  • Provisions are included allowing the Attorney General to enforce this act in any circuit court with proper jurisdiction.
  • This act is identical to SB 683 (2025) and similar to SB 665 (2025).
  • SCOTT SVAGERA

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-15 S187

    Second Read and Referred S General Laws Committee

  2. 2026-01-07 S60

    S First Read

  3. 2025-12-01 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

Print All Summaries

Introduced

Print

SB 1106 - This act prohibits foreign corporations, as that term is defined in the act, from acquiring, directly or indirectly, any residential real estate in this state. Provisions are included allowing the Attorney General to enforce this act in any circuit court with proper jurisdiction.

This act is identical to SB 683 (2025) and similar to SB 665 (2025).
SCOTT SVAGERA

Current Bill Text

Read the full stored bill text 
SECOND REGULAR SESSION
SENATE BILL NO. 1106
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR BECK.
4150S.01I KRISTINA MARTIN, Secretary
AN ACT
To amend chapter 442, RSMo, by adding thereto one new section relating to the acquisition of real
property by certain business entities.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Chapter 442, RSMo, is amended by adding thereto 1
one new section, to be known as section 442.700, to read as 2
follows:3
442.700. 1. For purposes of this section, the 1
following terms mean: 2
(1) "Foreign corporation": 3
(a) An investment vehicle that: 4
a. Consists of not more than one hundred fifty private 5
investors; 6
b. Is not required to register as an investment 7
company with the United States Securities and Exchange 8
Commission; 9
c. Has fifty million dollars or more in net value or 10
assets under management on any day during any taxable year; 11
and 12
d. Has a primary place of business located outside of 13
the state of Missouri; 14
(b) The term "foreign corporation" shall not include 15
any bank or other entity incorporated in this state subject 16
SB 1106 2
to chartering, licensing, or regulation by the Missouri 17
division of finance; 18
(2) "Residential real estate", real property improved 19
by a structure that is used or intended to be used for 20
residential living by human occupants containing not more 21
than four dwelling units. 22
2. Beginning August 28, 2026, a foreign corporation or 23
any affiliate or subsidiary thereof shall not acquire, 24
directly or indirectly, any residential real estate in this 25
state. The attorney general may bring a cause of action in 26
any circuit court with proper jurisdiction if the attorney 27
general has reason to believe that a foreign corporation or 28
any affiliate or subsidiary thereof has acquired, directly 29
or indirectly, any residential real estate in this state on 30
or after August 28, 2026. If the court finds that 31
residential real estate has been acquired in violation of 32
this section, the court shall order the sale of the 33
residential real estate not later than ninety days after the 34
order. 35
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