HB 2439
Initials EB/KK Page 1 House Engrossed
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-sixth Legislature
Second Regular Session
House: LARA DPA 8-1-0-0
HB 2439: property conveyance; foreign entities; prohibition
Sponsor: Representative Montenegro, LD 29
House Engrossed
Overview
Prohibits, as of the effective date of this legislation, conveying land in this state to a federally
banned corporation.
History
State lands means any land owned or held in trust by the state, including leased school or
university land. The Arizona State Land Department manages state lands, which includes
state trust lands and lands otherwise owned by Arizona. Management, sale and lease of
state land is outlined in statute and the Arizona Constitution (A.R.S. §§ 37-101, 37-102, 37-
281, 37-232, 37-240) (Constitution of Arizona, Article 10).
Conveying land means to pass or transfer the title to property from the present owner to
another by deed or other instrument (Black's Law Dictionary).
Provisions
1. Prohibits, beginning on the effective date of this legislation, conveying land in this state
to a federally banned corporation, including any agent or entity under significant control
of the banned corporation. (Sec. 1)
2. Prohibits, beginning on the effective date of this legislation, sales of state lands to a
federally banned corporation, including any agent or entity under significant control of
the banned corporation. (Sec. 3)
3. Defines federally banned corporation. (Sec. 1 and 3)
4. Makes technical and conforming changes. (Sec. 1-3)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note