A bill to amend 1982 PA 162, entitled “Nonprofit corporation act,” by amending section 123 (MCL 450.2123), as amended by 2014 PA 557.
House Bills 4977 and 4988 would amend 1889 PA 39 and the Nonprofit Corporation Act, respectively, to allow summer resort and assembly associations formed under 1889 PA 39 to convert into domestic nonprofit corporations. 1889 PA 39 allows for the formation of corporations for the purchase and improvement of land for summer homes, camp meetings, or meetings of groups organized for intellectual and scientific culture or for the promotion of religion and morality. The bills would allow an association formed under 1889 PA 39 to convert into a domestic nonprofit corporation by satisfying requirements of the Nonprofit Corporation Act concerning the conversion of a business organization into a domestic corporation1 and adopting bylaws in accordance with the Nonprofit Corporation Act.
Co-sponsored by Reps.
Referred to the Committee on Economic Development and Small Business
Referred to the Committee on Local Government and Municipal Finance
Reported without amendment
Passed in the House 93 to 14 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Regulatory Affairs
