2016 Senate Bill 892

Allow state pension funds to buy stock in certain small Michigan companies

Introduced in the Senate

April 14, 2016

Introduced by Sen. Darwin Booher (R-35)

To allow pension funds for state and school employees to buy stock sold by small Michigan companies covered by arecent law that exempts their stock offerings from state registration requirements. See also Senate Bill 891, which includes under that exemption companies that partner with a state university to start a company engaged in “a tech transfer program”.

Referred to the Committee on Banking and Financial Institutions