Businesses: limited liability companies; power of limited liability companies to spend in elections or ballot issues; revoke. Amends secs. 105, 210, 211 & 1008 of 1993 PA 23 (MCL 450.4105 et seq.) & adds sec. 210a. TIE BAR WITH: SB 1085'26, SB 1086'26

This bill amends the Michigan limited liability company act to prohibit domestic and foreign limited liability companies from spending money to support or oppose candidates, political parties, political committees, or ballot questions. If a company violates this, the act is invalid and subject to disgorgement, and the company could face dissolution or revocation of its authority to do business in the state. These new rules do not apply to existing contracts or to bona fide news reporting, unless the media outlet is controlled by a political entity.

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