2023 Senate Bill 260

Property: land sales; sale or transfer of real property to foreign entities; prohibit.

A bill to amend 1846 RS 66, entitled “Of estates in dower, by the curtesy, and general provisions concerning real estate,” by amending the title and sections 35 and 36 (MCL 554.135 and 554.136) and by adding section 36a.

AI Analysis – Experimental

This bill specifically prohibits foreign governments, state-sponsored enterprises, or individuals acting on their behalf from purchasing or acquiring farmland in Michigan from the effective date of the amendment. However, those who already own farmland before October 1, 2023, are permitted to retain their holdings but cannot acquire more.

Introduced in the Senate

April 12, 2023

Introduced by Sen. Joseph Bellino (R-16)

Referred to the Committee on Natural Resources and Agriculture