HB5387 — Businesses: business corporations; benefit corporations; create. Amends 1972 PA 284 (MCL 450.1101 - 450.2098) by adding ch. 9A. TIE BAR WITH: HB 5388'23

HB5387 — Businesses: business corporations; benefit corporations; create. Amends 1972 PA 284 (MCL 450.1101 - 450.2098) by adding ch. 9A. TIE BAR WITH: HB 5388'23 · Informed CitizenryThis bill creates a new category of business entity in Michigan called a 'benefit corporation.' A domestic corporation qualifies as a benefit corporation if its articles of incorporation state it i…Open in Informed Citizenry