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 that own farmland in Michigan prior to October 1, 2023, may retain ownership but are prohibited from acquiring additional farmland. The bill defines key terms such as "foreign government," "state-sponsored enterprise," and "farmland," and outlines exceptions for acquisitions made under U.S. treaties. Overall, the bill aims to regulate foreign ownership of agricultural land in Michigan, ensuring that such acquisitions do not compromise local interests.

Statutes affected:
Senate Introduced Bill: 554.135, 554.136