Michigan legislation · 103rd Legislature
Michigan SB1085: Businesses: business corporations; power of corporations to spend in elections or ballot issues; revoke. Amends secs. 261, 271, 821, 1012 & 1041 of 1972 PA 284 (MCL 450.1261 et seq.) & adds sec. 261a. TIE BAR WITH: SB 1086'26, SB 1087'26
Status: In committee, September 10, 2026
What the bill says
To amend 1972 PA 284, entitled "Business corporation act," by amending sections 261, 271, 821, 1012, and 1041 (MCL 450.1261, 450.1271, 450.1821, 450.2012, and 450.2041), section 261 as amended by 2006 PA 68, section 821 as amended by 1989 PA 121, section 1012 as amended by 1993 PA 91, and section 1041 as amended by 2012 PA 569, and by adding section 261a.
From the introduced text, July 2, 2026:
A bill to amend 1972 PA 284, entitled "Business corporation act," by amending sections 261, 271, 821, 1012, and 1041 (MCL 450.1261, 450.1271, 450.1821, 450.2012, and 450.2041), section 261 as amended by 2006 PA 68, section 821 as amended by 1989 PA 121, section 1012 as amended by 1993 PA 91, and section 1041 as amended by 2012 PA 569, and by adding section 261a. the people of the state of michigan enact: Sec. 261. A corporation, subject to any limitation provided in this act, including, but not limited to, section 261a, in any other statute of this state, or in its articles of incorporation, shall have has the power in furtherance of its corporate purposes to do all of the following: (a) Have perpetual duration. (b) Sue and be sued in all courts and participate in actions and proceedings, judicial, administrative, arbitrative, or otherwise, in the same manner as natural persons.an individual. (c) Have a corporate seal, and alter the seal, and use it by causing it or a facsimile to be affixed, impressed, or reproduced in any other manner. (d) Adopt, amend, or repeal bylaws, including emergency bylaws, relating to the business of the corporation, the conduct of its affairs, its rights and powers and the rights and powers of its shareholders, directors, or officers. (e) Elect or …
Sponsors
- McCann, Sean (D, 19) · primary sponsor