§802.234. Purchase.
31 C.F.R. § 802.234
The term purchase means an arrangement conveying an ownership interest in real estate to a person in exchange for consideration.
Example— Person A, a foreign person, acquires covered real estate from Person B, a U.S. national, in exchange for land and services. Person A has purchased the covered real estate because the arrangement was predicated on consideration in the form of land and services.
Notes, amendments, and revision history
Authority
Authority: 50 U.S.C. 4565; E.O. 11858, as amended, 73 FR 4677.
Source
Source: 85 FR 3166, Jan. 17, 2020, unless otherwise noted.