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MI HB5864
Bill
Status
6/30/2022
Primary Sponsor
John Roth
Click for details
AI Summary
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Amends the Nonprofit Corporation Act to authorize summer resort associations formed under 1897 PA 230 to convert into nonprofit corporations if they adopt bylaws consistent with section 231.
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Extends application of the Nonprofit Corporation Act to summer resort associations, adding them to the list of corporation types covered under Section 123(2).
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Modifies reference to street railways to include those operating under the recodified tax increment financing act (2018 PA 57, MCL 125.4503 to 125.4527) in addition to former 1867 PA 35.
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Takes effect 90 days after enactment into law.
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Contingent on enactment of either Senate Bill No. ____ or House Bill No. 5863 (request no. 05016'21) in the 101st Legislature.
Legislative Description
Businesses: nonprofit corporations; conversion of summer resort associations into nonprofit corporations; authorize. Amends sec. 123 of 1982 PA 162 (MCL 450.2123).
State agencies (existing): licensing and regulatory affairs
Last Action
Referred To Committee On Economic And Small Business Development
9/7/2022