ALIEN LAND LAW

ALIEN LAND LAW. Initiative act. Permits acquisition and transfer of real property by aliens eligible to citizenship, to same extent as citizens except as otherwise provided by law; permits other aliens, and companies, associations and corporations in which they hold majority interest, to acquire and transfer real property only as prescribed by treaty, but prohibiting appoint thereof as guardians of estates of minors consisting wholly or partially of real property or shares in such corporations; provides for escheats in certain cases: requires reports of property holdings to facilitate enforcement of act; prescribes penalties and repeals conflicting acts