HOUSE BILL NO. 5863
"An act to provide for the formation of corporations for the purpose of owning, maintaining and improving lands and other property kept for the purposes of summer resorts or for ornament, recreation or amusement, and to repeal all laws or parts of laws in conflict herewith; and to impose certain duties on the department of commerce,"
(MCL 455.1 to 455.24) by adding section 19.
the people of the state of michigan enact:
Sec. 19. (1) A summer resort 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 2. This amendatory act does not take effect unless Senate Bill No.____ or House Bill No. 5864 (request no. 05017'21) of the 101st Legislature is enacted into law.