Ohio § 5301.254

§ 5301.254.

(A) For the purposes of this section, “ nonresident alien ” means any individual who is not a citizen of, and is not domiciled in, the United

States. (B) Every nonresident alien who acquires any interest either in his own name or in the

name of another, in real property located in this state that is in excess of three

acres or that has a market value greater than one hundred thousand dollars or any

interest in and to minerals, and any mining or other rights appurtenant thereto or

in connection therewith that has a market value in excess of fifty thousand dollars

shall, within thirty days of the acquisition of the interest in the property, together

with a filing fee of five dollars, submit to the secretary of state on forms prescribed

by him all of the following information: (1) Name, address, and telephone number; (2) Country of citizenship; (3) Location and amount of acreage of real property; (4) Intended use of real property at the time of filing. (C) Every corporation or other business entity that is created or organized under the

laws of any state or a foreign nation or that has its principal place of business

in a foreign nation, in which a nonresident alien acquires at least ten per cent of

the shares of stock or other interests or in which any number of nonresident aliens

acquire at least forty per cent of the shares of stock or other interests, and which

acquires any interest either in its own name or in the name of another, in real property

located in this state that is in excess of three acres or that has a market value

greater than one hundred thousand dollars or any interest in and to minerals, and

any mining or other rights appurtenant thereto or exercisable in connection therewith

that has a market value in excess of fifty thousand dollars shall, within thirty days

of acquisition of the interest in the property, together with a filing fee of twenty-five

dollars, submit to the secretary of state on forms prescribed by him all of the following

information: (1) Name, address of principal place of business, and address of principal Ohio office; (2) Name, address, telephone number, and country of citizenship of each nonresident alien

who owns at least ten per cent of the shares of stock or other interests, if any; (3) The percentage, within five percentage points, of shares of stock or other interests

controlled by the nonresident aliens of each country represented by them if such interests

exceed five per cent; (4) Location and amount of acreage of real property; (5) Principal business of corporation or entity; (6) Intended use of real property at the time of filing; (7) Chairman of the governing board, if any, chief executive, if any, and partners, if

any; (8) Corporation's or entity's agent in this state; (9) Place of incorporation, if a corporation; (10) Number of persons who own shares of stock or other interests. (D) If the ownership or control of a corporation or other business entity that is required

in division (C) of this section to file with the secretary of state changes in such

a way that the information contained on the filing form is no longer accurate, the

corporation or other business entity shall notify the secretary of state in writing

of such change within thirty days of the occurrence of the change. If the ownership or control of a corporation or other business entity that owns real

property in an amount larger than three acres or that has a market value greater than

one hundred thousand dollars or that owns any interest in and to minerals, and any

mining or other rights appurtenant thereto or exercisable in connection therewith

that has a market value in excess of fifty thousand dollars changes in such a way

that a nonresident alien acquires at least ten per cent of the shares of stock or

other interests or any number of nonresident aliens acquire at least forty per cent

of the shares of stock or other interests, the corporation or other business entity

shall file with the secretary of state as required in division (C) of this section

within thirty days of the occurrence of the change. If a nonresident alien who is required to file with the secretary of state in division

(B) of this section becomes a resident alien or a citizen of the United States, he

shall notify the secretary of state in writing of the change in his status within

thirty days of the change. If a nonresident alien or a corporation or other business entity that is required

to file with the secretary of state pursuant to this section sells the real property

or mineral or mining rights that were reported to the secretary of state, the nonresident

alien or corporation or other business entity shall notify the secretary of state

in writing of the sale within thirty days of the sale. (E) The secretary of state shall: (1) Prescribe all forms and make all rules that are necessary for the implementation

of this section; (2) Maintain accurate records of the information that he receives pursuant to this section

and make such information available to the public; (3) Annually report this information, itemized by county, to the general assembly. (F) No nonresident alien or corporation or other business entity that is required to

file with the secretary of state pursuant to this section shall fail to comply with

this section.  Either the county prosecutor of the county in which the real property or the mineral

or mining rights are located or the attorney general may bring action against any

alleged offender.  The secretary of state may request a county prosecutor or the attorney general to

bring such an action. (G) The filing of the information required by this section shall not be construed to

perfect any interests permitted to be perfected under Title XIII of the Revised Code

by filing with the secretary of state.