SB1126 — Housing: residential; limitations on rental property owned by certain limited liability companies; provide for. Amends title of 1993 PA 23 (MCL 450.4101 - 450.5200) & adds sec. 217. TIE BAR WITH: SB 1127'26

SB1126 — Housing: residential; limitations on rental property owned by certain limited liability companies; provide for. Amends title of 1993 PA 23 (MCL 450.4101 - 450.5200) & adds sec. 217. TIE BAR WITH: SB 1127'26 · Informed CitizenryThis bill amends the Michigan limited liability company act to prohibit a limited liability company from leasing a single-family home to a residential tenant if that company owns 100 or more single…Open in Informed Citizenry