Loading chat...
MI HB4312
Bill
Status
2/20/2024
Primary Sponsor
John Roth
Click for details
AI Summary
-
Amends Section 123 of the Nonprofit Corporation Act (1982 PA 162) to expand the types of corporations governed by the act.
-
Adds summer resort associations formed under 1897 PA 230 that have adopted bylaws consistent with section 231 to the list of corporations subject to the Nonprofit Corporation Act.
-
Modifies provisions regarding street railways to reference both former 1867 PA 35 and part 5 of the recodified tax increment financing act (2018 PA 57, MCL 125.4503 to 125.4527).
-
Takes effect 90 days after enactment, contingent upon passage of either Senate Bill No. ____ or House Bill No. 4313 of the 102nd 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). TIE BAR WITH: HB 4313'23
State agencies (existing): licensing and regulatory affairs
Last Action
Referred To Committee On Local Government
2/21/2024