Businesses: limited liability companies; certain references in the Michigan limited liability company act; make gender neutral. Amends sec. 504 of 1993 PA 23 (MCL 450.4504). TIE BAR WITH: HJR F'25

HB 4618 updates Michigan's Limited Liability Company Act to replace gender-specific terms like "husband and wife" with gender-neutral language like "spouses" in Section 504. This change directly affects married couples who own LLC membership interests jointly, aligning the law with modern language standards. The bill modifies the provision governing how spouses can hold LLC interests in joint tenancy, removing outdated phrasing while maintaining the same legal rights and survivorship rules. The amendment does not alter any substantive rights or create new obligations for LLC owners.