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MI HB6070
Bill
Status
8/6/2020
Primary Sponsor
Yousef Rabhi
Click for details
AI Summary
HB 6070 Summary
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Amends the Michigan Limited Liability Company Act (1993 PA 23, MCL 450.4504) to replace gender-specific language with gender-neutral terms.
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Changes references from "a husband and wife" to "spouses" in provisions governing joint tenancy of membership interests in limited liability companies.
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Applies the same restrictions, consequences, and conditions to spousal joint tenancy of LLC membership interests as apply to joint ownership of real estate under Michigan law, with full survivorship rights.
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Takes effect only if Senate Joint Resolution ____ or House Joint Resolution T of the 100th Legislature becomes part of the Michigan Constitution of 1963.
Legislative Description
Businesses: limited liability companies; certain references in the Michigan limited liability company act; make gender neutral. Amends sec. 504 of 1993 PA 23 (MCL 450.4504).
Family law: marriage and divorce
Last Action
Bill Electronically Reproduced 08/06/2020
8/12/2020