2023 Senate Bill 667

Businesses: business corporations; benefit corporations; authorize formation and establish duties of officers and directors.

A bill to amend 1972 PA 284, entitled “Business corporation act,” by amending sections 105, 106, 131, 202, 211, 745, 746, and 762 (MCL 450.1105, 450.1106, 450.1131, 450.1202, 450.1211, 450.1745, 450.1746, and 450.1762), sections 105, 106, and 211 as amended by 2012 PA 569, sections 131, 202, 746, and 762 as amended by 2018 PA 85, and section 745 as added by 2008 PA 402, and by adding chapter 9A.

Official record

Introduced in the Senate

Nov. 9, 2023

Introduced by Sen. Sean McCann (D-19) and three co-sponsors

Co-sponsored by Sens. Jeff Irwin (D-15), Erika Geiss (D-1) and Rosemary Bayer (D-13)

Referred to the Committee on Finance, Insurance, and Consumer Protection