An act to amend 1993 PA 23, entitled “An act to provide for the organization and regulation of limited liability companies; to prescribe their duties, rights, powers, immunities, and liabilities; to prescribe the powers and duties of certain state departments and agencies; and to provide for penalties and remedies,” by amending section 1101 (MCL 450.5101), as amended by 2019 PA 70.
House Bills 4995, 4996, and 4997 would amend the Michigan Limited Liability Company Act (1993 PA 23), the Nonprofit Corporation Act (1982 PA 162), and the Business Corporation Act (1972 PA 284), respectively, by extending fee sunsets through September 30, 2027, which would otherwise mature on September 30, 2023. The aforementioned statutes pertain to the regulation of business and nonprofit corporations and limited liability companies and require the payment of filing fees for various documents submitted to the Department of Licensing and Regulatory Affairs (LARA). The bills would maintain FY 2022-23 fee amounts by extending previously enacted fee increases. (Increases were initially enacted in 2003 with sunset provisions.) The fee sunsets were previously extended in 2019.
Introduced
by
Referred to the Committee on Appropriations
Reported with substitute H-2
Substitute H-2 concurred in by voice vote
1. Amend page 2, line 3, after “30,” by striking out “2027.” and inserting “2025.”.
2. Amend page 2, line 4, after “30,” by striking out “2027,” and inserting “2025,”.
The amendment failed by voice vote
Passed in the House 56 to 54 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 20 to 18 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
