SB-0067, As Passed House, September 22, 2015

SUBSTITUTE FOR

SENATE BILL NO. 67

(As amended April 16, 2015)

     A bill to amend 1972 PA 284, entitled

"Business corporation act,"

by amending section 109 (MCL 450.1109), as amended by 2012 PA 569.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 109. (1) "Services in a learned profession" means

services provided to the public by a dentist, an osteopathic

physician, a physician, a surgeon, a doctor of divinity or other

clergy, or an attorney-at-law. The term does not include services

provided to residents of a nursing home, as defined in section

20109 of the public health code, 1978 PA 368, MCL 333.20109, by <<a

dentist,>>

osteopathic physician, physician, or surgeon who is an employee or

independent contractor of the nursing home.

     (2) "Shareholder" means a person that holds units of

proprietary interest in a corporation and is considered to be

synonymous with "member" in a nonstock corporation.

     (3) "Shares" means the units into which proprietary interests

in a corporation are divided and is considered to be synonymous

with "membership" in a nonstock corporation.

     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. 65 of the 98th Legislature is enacted into

law.