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: HB 6217'26, HB 6218'26

This bill amends the Michigan Limited Liability Company Act to explicitly prohibit domestic LLCs from spending money to support or oppose candidates, political parties, or ballot issues, while allowing them to continue existing financial obligations and news-related commentary. It also restricts foreign LLCs from engaging in similar political spending within the state, with the added consequence that any such unauthorized spending would be considered invalid and subject to disgorgement. Furthermore, the legislation grants the state administrator the authority to revoke the business license of a foreign LLC that violates these spending restrictions and allows the state to dissolve a domestic LLC that engages in prohibited political expenditures.