SB122 – July 1, 2023 Trigger Date
“Sanctioned foreign business” means: (A) A corporation incorporated under the laws of a foreigncountry of a sanctioned foreign government;(B) A business entity whether or not incorporated, in which amajority interest is owned directly or indirectly by sanctionednonresident aliens. As used in this subdivision (1 )(8), the determinationof “owned,” in terms