2008 Senate Bill 1446 / Public Act 567

Authorize “low-profit limited liability companies”

Introduced in the Senate

July 24, 2008

Introduced by Sen. Jim Barcia (D-31)

To establish rules for the “low-profit limited liability companies” proposed by Senate Bill 1445.

Referred to the Committee on Commerce and Tourism

Sept. 24, 2008

Reported without amendment

With the recommendation that the bill pass.

Nov. 6, 2008

Passed in the Senate 38 to 0 (details)

Received in the House

Nov. 6, 2008

Referred to the Committee on Commerce

Dec. 18, 2008

Passed in the House 105 to 0 (details)

To establish rules for the “low-profit limited liability companies” proposed by Senate Bill 1445.

Signed by Gov. Jennifer Granholm

Dec. 31, 2008