Michigan SB1087 prohibits limited liability companies from spending money in elections or ballot issues.

Michigan SB1087 amends the Michigan limited liability company act to prohibit domestic and foreign limited liability companies from spending money or anything of value in support of or in opposition to a candidate, political party, political committee, or ballot question. The bill defines "domestic limited liability company" and "foreign limited liability company" to exclude political committees. Violations are invalid and subject to disgorgement. The bill also allows for judicial review and provides for dissolution or revocation of authority to transact business in the state.

Michigan SB1087 prohibits limited liability companies from spending money in elections or ballot issues.

Michigan SB1087 amends the Michigan limited liability company act to prohibit domestic and foreign limited liability companies from spending money or anything of value in support of or in opposition to a candidate, political party, political committee, or ballot question. The bill defines "domestic limited liability company" and "foreign limited liability company" to exclude political committees. Violations are invalid and subject to disgorgement. The bill also allows for judicial review and provides for dissolution or revocation of authority to transact business in the state.