This bill amends the 1846 RS 66 law regarding estates in dower, estates by the curtesy, and general provisions concerning real estate in Michigan. The title is updated to include prohibitions on certain foreign acquisition or ownership of real estate. Sections 35 and 36 are revised to clarify the rights of aliens in acquiring and holding land, while also introducing a new section, 36a, which specifically addresses restrictions on foreign governments and state-sponsored enterprises from purchasing farmland in Michigan.

Under the new section 36a, foreign entities are prohibited from acquiring farmland in the state, with exceptions for those who already own farmland prior to October 1, 2023, and for acquisitions made under U.S. treaties. The bill defines key terms such as "foreign government," "farmland," and "state-sponsored enterprise," establishing a framework for understanding the implications of foreign ownership in agricultural land. Overall, the bill aims to protect local agricultural interests from foreign control while maintaining certain rights for existing landowners.

Statutes affected:
Senate Introduced Bill: 554.135, 554.136