2023 Senate Bill 666

Businesses: business corporations; benefit corporations; establish requirements relating to annual benefit reports.

A bill to amend 1972 PA 284, entitled “Business corporation act,” by amending section 911 (MCL 450.1911), as amended by 2012 PA 569, and by adding section 961.

AI Analysis – Experimental

Modernizes the administrative processes for Michigan corporations. Key features include the adoption of electronic filing, clarification of document endorsement and filing procedures, introduction of expedited filing fees, and detailed requirements for articles of incorporation and corporate naming conventions.

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