2023 House Bill 5388

Businesses: business corporations; business corporation act; general revisions concerning formation of benefit corporations.

A bill to amend 1972 PA 284, entitled “Business corporation act,” by amending sections 105, 106, 131, 202, 211, and 911 (MCL 450.1105, 450.1106, 450.1131, 450.1202, 450.1211, and 450.1911), sections 105, 106, 211, and 911 as amended by 2012 PA 569 and sections 131 and 202 as amended by 2018 PA 85.

Official record

Introduced in the House

Nov. 14, 2023

Introduced by Rep. Matt Koleszar (D-22) and 13 co-sponsors

Co-sponsored by Reps. Kelly Breen (D-21), Samantha Steckloff (D-19), Julie Rogers (D-41), Jason Hoskins (D-18), Kara Hope (D-74), Rachel Hood (D-81), Jim Haadsma (D-44), Tyrone Carter (D-1), Penelope Tsernoglou (D-75), Joey Andrews (D-38), Denise Mentzer (D-61), Doug Wozniak (R-59) and Phil Skaggs (D-80)

Referred to the Committee on Judiciary

Feb. 14, 2024

Reported with substitute H-1

Feb. 28, 2024

Substitute H-1 concurred in by voice vote