324.33929 State leased lands; sale or transfer of lease; statement of purpose; approval by department; record of assignment.
194 words·~1 min read·
/mi/chapter-324/324-33929A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
324.33929 State leased lands; sale or transfer of lease; statement of purpose; approval by department; record of assignment.
Sec. 33929.
(1)Each sale or transfer of a lease shall contain a specific statement of the purpose for which the property leased is to be used by the purchaser or assignee. A sale or transfer of a lease for other than club or residence purposes is not valid unless and until the sale or transfer is approved by the department of environmental quality.
(2)Before selling or transferring a property that is subject to a lease under this part, the parties involved shall apply to the department of environmental quality for approval of the transfer of the lease to the purchaser. The application shall be made on a form provided by the department of environmental quality and shall be accompanied by a fee of $250.00. Upon approval by the department of environmental quality, an assignment of lease form shall be recorded with the county register of deeds.
History: Add. 1995, Act 59, Imd. Eff. May 24, 1995 ;-- Am. 2006, Act 496 , Imd. Eff. Dec. 29, 2006
Popular Name: Act 451
Popular Name: NREPA