SB789 — Businesses: business corporations; benefit corporations; authorize formation and establish duties of officers and directors. Amends (See bill).

SB789 — Businesses: business corporations; benefit corporations; authorize formation and establish duties of officers and directors. Amends (See bill). · Informed CitizenrySB789 amends the Michigan Business Corporation Act to update definitions for terms including 'Administrator,' 'Articles of Incorporation,' 'Benefit Corporation,' and 'Independent Director.' The bil…Open in Informed Citizenry