Investment control; single-family home.
MCL 125.855
in effect125.855. Investment control; single-family home.
Sec. 5.
For purposes of this act, an entity has direct or indirect investment control over a single-family home if any of the following apply:
(a) The entity owns or has primary authority or fiduciary responsibility to make material investment or management decisions relating to the single-family home.
(b) The entity is, or directly or indirectly controls, the general partner or managing member of the entity that owns the single-family home.
(c) The entity is or controls the investment manager, management company, or investment advisor of the entity that owns the single-family home.
(d) The entity owns or controls more than 25% of any class of equity interests of the entity that owns the single-family home, unless the entity is a passive investor.
(e) The entity otherwise controls the entity that owns the single-family home.
2026, Act 32, Imd. Eff. July 21, 2026
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-125-855Fetched: 10/20/2026