HOUSE BILL No. 5869

 

 

April 24, 2018, Introduced by Reps. Santana, Sheppard, Greig, Vaupel, Green, Lasinski, Chang, Love, Cochran, Pagan, Hoadley, Hertel, Dianda, Zemke, Yanez, Brinks, Garrett, Lucido, Iden, LaGrand, Canfield, Inman, Faris and Sneller and referred to the Committee on Commerce and Trade.

 

     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

 

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 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 99th Legislature are

 

enacted into law:

 

     (a) Senate Bill No. ____ or House Bill No. 5872 (request no.

 

00377'17).

 

     (b) Senate Bill No. ____ or House Bill No. 5867 (request no.

 

00829'17).

 

     (c) Senate Bill No. ____ or House Bill No. 5868 (request no.

 

00830'17).