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MI HB4978
Bill
Status
3/5/2024
Primary Sponsor
John Roth
Click for details
AI Summary
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Amends the Nonprofit Corporation Act to expand the types of corporations that the act applies to, including associations formed under 1889 PA 39 that have adopted bylaws consistent with section 231.
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Modifies the definition of street railways to include those formed 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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Enactment is contingent upon passage of either Senate Bill No. ____ or House Bill No. 4977 in the 102nd Legislature.
Legislative Description
Businesses: nonprofit corporations; conversion of summer resort and assembly associations into domestic nonprofit corporations; authorize. Amends sec. 123 of 1982 PA 162 (MCL 450.2123). TIE BAR WITH: HB 4977'23
State agencies (existing): licensing and regulatory affairs
Last Action
Referred To Committee On Regulatory Affairs
3/6/2024