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MI HB4618

MI HB4618
Businesses: limited liability companies; certain references in the Michigan limited liability company act; make gender neutral. Amends sec. 504 of 1993 PA 23 (MCL 450.4504). TIE BAR WITH: HJR F'25


summary

Introduced
06/10/2025
In Committee
06/10/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1993 PA 23, entitled"Michigan limited liability company act,"by amending section 504 (MCL 450.4504), as amended by 2002 PA 686.

AI Summary

This bill amends the Michigan Limited Liability Company Act to update language regarding how spouses can hold membership interests in a limited liability company (LLC). Specifically, the bill replaces gendered terms like "husband and wife" with the gender-neutral term "spouses" throughout the section. The legislation maintains the existing legal provisions that allow spouses to hold a membership interest in joint tenancy, with the same rights and conditions that apply to joint ownership of real estate. This means that if one spouse dies, the surviving spouse would have full right of ownership of the membership interest. The bill is tied to a constitutional resolution and will only take effect if that resolution is approved, ensuring that the language change aligns with potential broader constitutional updates. The change is part of a broader effort to make legal language more inclusive and gender-neutral, removing specific references to gender while preserving the substantive legal rights and protections.

Committee Categories

Government Affairs

Sponsors (27)

Last Action

Bill Electronically Reproduced 06/10/2025 (on 06/11/2025)

bill text


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