The border vidette., 1926-01-09
NEW LAND LAW OF MEXICO.
(Arizona Daily Starr


meaning and operation of the
new Mexican land law, and of
the manner of esta blishing new
enterprises in Mexico, has been
prepared for The Arizona Daily
Star by Juan Evaristo Anchon
do, Mexican consul at Tucson.
There are three ways of or
ganizing a business in Mexico,
according to Senor Anchondo.
First - Incorporation under
Mexican law.
Second-Protocolization
Third - Appointment Of an
agent or representative.
Senor Anchondo's statement
follows:
II have had many calls from
interested parties desiring to SO
cure information regarding the
Mexican laws in connection with
establishing new business in my
country, and I wish to serve to
the best of my ability those In
terests. The following is 3
translation and the proceeding
of how to act in accordance with
the new legislation:
THE law regulating the first
paragraph of Article q of our
constitution, approved by the
! Mexican congress. reads as fol
lows:
+" Article 1.-No foreigner may
acquire dominion of lands or
waters within 100 kilometers
(about 62 miles) of frontiers or
within so kilometers of seacoasts
of Mexico, or be a partner in any
Mexican companies which have
or may acquire such dominion.
" Article Amy foreigner
owning shares of Mexican cor.
poration which has or may &C
quire dominion of lands, waters
and concessions for the exploita
ton of mines, waters or subsoil
products throughout the repub
lie, has to comply with the re
quisite prescribed in para.
graph 1 of Article q of the Mex
ican constitution; that is to say,
to make pledge with the secre.
tary OF foreign relations that he
agrees to be considered a Mex.
ican citizen in regard to his hold
ings in said corporation, and
resigns in consequence, the pro
lection of his government in
reference to said holdings, under
the understanding that in case
of breaking his pledge, his bold.
ings will be confscated in favor
of the nation.
/ Article 3.-In regard to
! Mexican corporations devoted to
agricultural pursuits, no permit
referred to in previous para
graph, shall be granted to any
foreigner or foreigners when
said permit will give them a
control or at least so per cent or
more of the total shares of stock
of the corporation.
Article 4.-The corporations
holding tracts of land devoted to
agricultural enterprises or hold
ling shares of subsidiary com
panies devoted to the same end,
outside of the forbidden zone
(Article y and provided such
holding cannot conform with the
prescription in article 8 of this
law, are under obligation of
liquidating such holdings. within
a period of ten years. from the
date of PRONUNCIATION of this law.
!" Article 5.-The properties,
object of this law, not included
in Article 4 and legally acquired
by foreigners prior to the date
of PRONUNCIATION of this law, can
remain in possession of their
present owners until their de-
mise. ~. ,, 49,: So
. Article 6.-When some for:
eigner should have to inherit
property rights. to holdings
which their owners held until
their death that must be relin.
quished afterwards, the. secre
tary of foreign relations will
grant permission in order to
make the legal proceedings and
partition among the heirs. In
case that an alien should have to
receive title to some properties
legally acquired by the owner
before his death, the secretary
of foreign relations could grant
permission to such transfer, pro
vided such transfer is made tc
persons capacitated within the
law to acquire and hold such
properties. -.
" Article 7.-Foreigners hav
ing rights subject of the present