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MI HB5491
Bill
Status
4/29/2014
Primary Sponsor
John Walsh
Click for details
AI Summary
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Amends the Michigan Limited Liability Company Act to waive filing fees for limited liability companies where a majority of membership interests are held by honorably discharged veterans of the armed forces.
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Veterans must have been separated from service with an honorable character of service or under honorable conditions (general) character of service to qualify for the fee waiver.
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Requires submission of a signed affidavit certifying veteran ownership and copies of Form DD214 or DD215 (or other acceptable documentation) for each veteran member with the filing document.
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Defines "armed forces" according to section 2 of the Veteran Right to Employment Services Act, 1994 PA 39 (MCL 35.1092).
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Takes effect 90 days after enactment into law.
Legislative Description
Businesses; limited liability companies; certain fees under Michigan limited liability company act; waive for certain veterans. Amends sec. 1101 of 1993 PA 23 (MCL 450.5101).
Veterans, other
Last Action
Referred To Committee On Veterans, Military Affairs And Homeland Security
6/11/2014