S2902 — Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

S2902 — Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000. · Informed CitizenryThe bill sets a cap on how much real estate a legal entity—such as a corporation, LLC, partnership, or similar organization—can own at any one time. No entity may hold property worth more than…Open in Informed Citizenry