Bill Text: MI HB4977 | 2023-2024 | 102nd Legislature | Engrossed
Bill Title: Businesses: nonprofit corporations; conversion of summer resort and assembly associations into domestic nonprofit corporations; authorize. Amends 1889 PA 39 (MCL 455.51 - 455.72) by adding sec. 12a. TIE BAR WITH: HB 4978'23
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed) 2024-03-06 - Referred To Committee On Regulatory Affairs [HB4977 Detail]
Download: Michigan-2023-HB4977-Engrossed.html
HOUSE BILL NO. 4977
A bill to amend 1889 PA 39, entitled
"An act to authorize the formation of corporations for the purchase and improvement of grounds to be occupied for summer homes, for camp-meetings, for meetings of assemblies or associations and societies organized for intellectual and scientific culture and for the promotion of the cause of religion and morality, or for any or all of such purposes; and to impose certain duties on the department of commerce,"
(MCL 455.51 to 455.72) by adding section 12a.
the people of the state of michigan enact:
Sec. 12a. (1) An association formed under this act may convert into a domestic nonprofit corporation by satisfying the requirements applicable to the conversion of a business organization under section 746 of the nonprofit corporation act, 1982 PA 162, MCL 450.2746.
(2) As used in this section, "domestic nonprofit corporation" means a domestic corporation, as that term is defined in section 106 of the nonprofit corporation act, 1982 PA 162, MCL 450.2106.
Enacting section 1. This amendatory act takes effect 90 days after the date it is enacted into law.
Enacting section 2. This amendatory act does not take effect unless Senate Bill No.____ or House Bill No. 4978 (request no. 03194'23) of the 102nd Legislature is enacted into law.
