Michigan HB4233 prohibits foreign entities from purchasing farmland in Michigan.

Michigan HB4233 amends existing law to prohibit foreign entities from purchasing agricultural land in Michigan. Foreign persons may not acquire agricultural land in the state, though those who already own such land may retain it. Exceptions include land acquired by devise or descent, which must be sold within two years, and bona fide encumbrances. Foreign persons must register their agricultural land with the Secretary of State. Failure to comply results in fines and potential legal action by the Attorney General. The court may declare the land escheated to the state and order its sale.

Michigan HB4233 prohibits foreign entities from purchasing farmland in Michigan.

Michigan HB4233 amends existing law to prohibit foreign entities from purchasing agricultural land in Michigan. Foreign persons may not acquire agricultural land in the state, though those who already own such land may retain it. Exceptions include land acquired by devise or descent, which must be sold within two years, and bona fide encumbrances. Foreign persons must register their agricultural land with the Secretary of State. Failure to comply results in fines and potential legal action by the Attorney General. The court may declare the land escheated to the state and order its sale.