HB 4234
Property: land sales; sale or transfer of agricultural assets or land to foreign entities; prohibit. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds secs. 36a & 36b.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits the sale or transfer of agricultural land or real property within 20 miles of certain military installations and key facilities in Michigan to foreign entities deemed ‘countries of concern.’ It establishes a registration process for foreign principals acquiring such property, requiring them to disclose ownership information and potentially leading to the forfeiture and sale of the property if compliance isn't met. The bill also addresses related transactions, such as sales to individuals who are themselves foreign principals.
Sponsors
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Primary sponsor
Cosponsors
Cameron Cavitt
Gregory Alexander
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