HB5388 — Businesses: business corporations; business corporation act; general revisions concerning formation of benefit corporations. Amends secs. 105, 106, 131, 202, 211 & 911 of 1972 PA 284 (MCL 450.1105 et seq.). TIE BAR WITH: HB 5387'23

HB5388 — Businesses: business corporations; business corporation act; general revisions concerning formation of benefit corporations. Amends secs. 105, 106, 131, 202, 211 & 911 of 1972 PA 284 (MCL 450.1105 et seq.). TIE BAR WITH: HB 5387'23 · Informed CitizenryThis bill amends the Michigan Business Corporation Act to update definitions, filing procedures, and requirements for corporations, specifically including benefit corporations. Key changes include…Open in Informed Citizenry