2016 Senate Bill 892

Allow state pension funds to buy stock in certain small Michigan companies

Introduced in the Senate

April 14, 2016

Introduced by Sen. Darwin Booher (R-35)

To allow pension funds for state and school employees to buy stock sold by small Michigan companies covered by a<a href=" http://www.michiganvotes.org/2013-HB-4996 ">recent law</a> that exempts their stock offerings from state registration requirements. See also Senate Bill 891, which includes under that exemption companies that partner with a state university to start a company engaged in “a tech transfer program”.

Referred to the Committee on Banking and Financial Institutions