Yeah.
I have two handguns, one of which I purchased at a gun show here and one of which I purchased in MI and flew up here with this summer. The MI gun was "safety inspected" by the state of Michigan, but not registered.
I dont have to register either weapon or get a permit to carry either. I will eventually get one, because I want to be able to carry in other states that have receprocity with AK. For example, I will be able to borrow a gun from a buddy in MI and carry it there with a permit.
-Jus