Communications: telecommunications; conversion for telephone corporations to domestic limited liability company; provide for. Amends 1883 PA 129 (MCL 484.1 - 484.10) by adding sec. 7.

This bill allows telephone corporations in Michigan to convert into domestic limited liability companies if they meet specific legal requirements. The law ensures that any company making this conversion continues to file state income taxes as a corporation, with exceptions only for certain federal tax structures. The provision also defines what constitutes a business organization for the purpose of this conversion. However, the bill will not take effect until three other related bills are also passed by the legislature.