January 16, 2019, Introduced by Rep. Inman and referred to the Committee on Commerce and Tourism.


     A bill to amend 1982 PA 162, entitled


"Nonprofit corporation act,"


by amending section 123 (MCL 450.2123), as amended by 2014 PA 557.




     Sec. 123. (1) Subject to subsection (3), unless otherwise


provided in, and to the extent not inconsistent with, the act under


which a corporation is or has been formed, this act applies to a


corporation that is or has been formed under an act other than this


act and not repealed by this act.


     (2) A corporation described in subsection (1) includes, but is


not limited to, any of the following:


     (a) A cooperative corporation classified as a nonprofit


corporation under section 98 of 1931 PA 327, MCL 450.98.


     (b) A secret society or lodge.

     (c) A trustee corporation that holds property for charitable,


religious, benevolent, educational, or other public benefit




     (d) A church trustee corporation.


     (e) An educational corporation that is organized as a trustee


corporation or a nonprofit corporation.


     (f) An ecclesiastical corporation.


     (g) A public building corporation.


     (h) A street railway under the nonprofit street railway act,


former 1867 PA 35 , MCL 472.1 to 472.27.or under part 5 of the


recodified tax increment financing act, 2018 PA 57, MCL 125.4503 to




     (i) A summer resort association formed under 1897 PA 230, MCL


455.1 to 455.24.


     (3) Except as provided in subsection (2)(h), this act does not


apply to insurance or surety companies, credit unions, savings and


loan associations, fraternal benefit societies, railroad, bridge,


or tunnel companies, union depot companies, or banking




     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. 4049 (request no.


00323'19) of the 100th Legislature is enacted into law.