Bill Text: MI HB6312 | 2019-2020 | 100th Legislature | Introduced

Bill Title: Businesses: business corporations; benefit corporations; establish annual report filing requirements.

Spectrum: Moderate Partisan Bill (Democrat 11-2)

Status: (Introduced) 2020-10-21 - Bill Electronically Reproduced 10/21/2020 [HB6312 Detail]

Download: Michigan-2019-HB6312-Introduced.html













October 14, 2020, Introduced by Reps. Koleszar, Greig, Ellison, Sowerby, Hood, Bolden, Pohutsky, Kuppa, Chirkun, Vaupel, Brixie, Sheppard and Hoadley and referred to the Committee on Government Operations.

A bill to amend 1972 PA 284, entitled

"Business corporation act,"

by amending section 911 (MCL 450.1911), as amended by 2012 PA 569.

the people of the state of michigan enact:

Sec. 911. (1) A domestic corporation and each foreign corporation subject to chapter 10 shall file a report with the administrator no later than May 15 of each year. The report shall must be on a form approved by the administrator, signed by an authorized officer or agent of the corporation, and contain all of the following information:

(a) The name of the corporation.

(b) The name of its the corporation's resident agent and address of its registered office in this state.

(c) The names and addresses of its the corporation's president, secretary, treasurer, and directors.

(d) General The general nature and kind of business in which the corporation is engaged.

(e) For each foreign corporation authorized to transact business in this state, the total number of authorized shares and the most recent percentage used in computation of the tax required by the Michigan business tax act, 2007 PA 36, MCL 208.1101 to 208.1601.

(f) For each professional corporation, the names and addresses of its shareholders and a certification that both of the following are met:

(i) Each shareholder is a licensed person in 1 or more of the professional services provided by the professional corporation.

(ii) The corporation meets the other requirements of chapter 2A.

(2) A corporation that is a benefit corporation shall include the annual benefit report that is required under section 961 with its report under subsection (1).

(3) (2) A corporation that is formed or authorized to do business on or after January 1 and before May 16 of a calendar year is not required to file the report described in subsection (1) for that calendar year.

(4) (3) If there are no changes in the information provided in the last filed report required under subsection (1), the corporation may file a report that certifies to the administrator that no changes in the required information have occurred since the last filed report. A report filed under this subsection shall must be on a form approved by the administrator and filed no later than the date required under this section. 911.A corporation that is a benefit corporation that files a report under this subsection shall include the annual benefit report that is required under section 961 with that report.

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 all of the following bills of the 100th Legislature are enacted into law:

(a) Senate Bill No. ____ or House Bill No. 6309(request no. 00862'19).

(b) Senate Bill No. ____ or House Bill No. 6311(request no. 00863'19).

(c) Senate Bill No. ____ or House Bill No. 6310(request no. 00865'19).