Bill
SB 667
Businesses: business corporations; benefit corporations; authorize formation and establish duties of officers and directors. Amends secs. 105, 106, 131, 202, 211, 745, 746 & 762 of 1972 PA 284 (MCL 450.1105 et seq.) & adds ch. 9A.
2023-2024 Regular Session
Introduced by Rosemary Bayer and 3 co-sponsors
Creates a framework for Michigan benefit corporations, allowing for-profit firms to pursue stated public benefits alongside profit and requiring annual benefit reporting.
referred to Committee on Government Operations