Loading chat...

MI HB5869

Bill

Status

Introduced

4/24/2018

Primary Sponsor

Sylvia Santana

Click for details

Origin

House of Representatives

99th Legislature

AI Summary

  • Amends Michigan's Business Corporation Act to require domestic and foreign corporations to file annual reports by May 15 each year with the state administrator containing corporation name, resident agent information, officer and director names and addresses, and nature of business.

  • Requires benefit corporations to include their annual benefit report (required under section 961) along with the standard annual report filing.

  • Exempts corporations formed or authorized to do business between January 1 and May 15 of any calendar year from filing the report for that year.

  • Allows corporations with no changes to previously filed information to submit a simplified certification report instead of a full report, provided benefit corporations still include their required annual benefit report.

  • Takes effect 90 days after enactment and is conditioned on concurrent enactment of House Bills 5867, 5868, and 5872.

Legislative Description

Businesses; business corporations; benefit corporations; establish annual report filing requirements. Amends sec. 911 of 1972 PA 284 (MCL 450.1911). TIE BAR WITH: HB 5867'18, HB 5868'18, HB 5872'18

State agencies (existing): licensing and regulatory affairs

Last Action

Bill Electronically Reproduced 04/24/2018

4/25/2018

Committee Referrals

Commerce And Trade4/24/2018

Full Bill Text

No bill text available