House Bill 410 (Chapter 2018-86) signed by the governor August 17 and effective August 18 permits the reinstatement of Native village corporations involuntarily dissolved by the Commissioner of Commerce, Community and Economic Development for failure to file biennial reports.
The Workers Compensation Commission sent an alert that reporting will shift to electronic data interchange beginning September 1. For additional information click here.
Senate Bill 194 (Chapter 352) signed by the governor and effective July 23 amended the Statutory Trust Act to among other things providing that the records of a statutory trust, registration of a beneficial interest in a statutory trust, a
Senate Bill 3398 (Public Act 100-0894) signed by the governor and effective August 14 amended the Limited Liability Company Act and the Professional LLC Act to permit conversions of LLCs to professional LLCs with no filing fee and to require
Senate Bill 841 (Public Act No. 131) signed by the governor May 2 and effective August 2 amends the Uniform Partnership Act to revise the liability shield for partners in a limited liability partnership.
Senate Bill 425 (Chapter 2018-222) signed by the governor June 8 and effective August 7 modifies requirements for LLC mergers and eliminates rights of former LLC members.
Senate Bill 180 (Chapter 354) signed by the governor July 23 amended the General Corporation Law. Effective August 1, 2018, nonstock corporations may ratify defective corporate acts, and Section 262 of the GCL was amended regarding shareholder appraisal rights. Another
The Department of Licensing and Regulatory Affairs (LARA) Corporation, Securities and Commercial Licensing Bureau (CSCL) posted a reminder that the 2018 annual report for nonprofit corporations must be filed by October 1 at www.michigan.gov/corpfileonline.
Senate Bill 413 (Chapter 2018-221) signed by the governor June 8 effective August 7 allows LLCs to apply to the Secretary of State for late reinstatement 3 years after administrative dissolution and effective January 1, 2019 provides standards to determine
House Bill 443 (Act No. 193) signed by the governor April 26 and effective July 14 amends Chapter 273 regarding nonprofit corporations relating to minimum and maximum number of directors, committees, conflicts of interest and distributions.