Sec. 5.252. EXCEPTIONS: UNITED STATES CITIZENS AND LAWFUL RESIDENTS; CERTAIN ENTITIES OWNED OR CONTROLLED BY UNITED STATES CITIZENS OR LAWFUL RESIDENTS; LEASEHOLD. This subchapter does not apply to: (1) an individual who is a citizen or lawful permanent resident of the United States; (2) a company or organization that is owned by or under the control of: (A) one or more individuals described by Subdivision (1); and (B) no individual described by Section 5.253 ; or (3) a leasehold interest in land or improvements constructed on a leasehold if the duration of the interest is less than one year.
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