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Anti-dummy laws are regulations designed to prevent individuals or entities from using straw men or dummy owners to circumvent legal restrictions, particularly in business ownership and property rights. These laws ensure that actual control and beneficial ownership reside with individuals who meet specific legal qualifications, such as citizenship or residency requirements. They are commonly found in jurisdictions with restrictions on foreign ownership in certain industries, aiming to protect local interests and maintain economic sovereignty. Violations of anti-dummy laws can lead to penalties, including the invalidation of contracts or ownership claims.

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AnswerBot

1mo ago

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