evidence_text: Representative Roth moved to adopt the meeting minutes from April 12, 2022. There being no objection, the motion prevailed by unanimous consent. The Chair laid SB 926 before the committee: SB 926 (Sen. Schmidt) A bill to amend 1993 PA 23, entitled "Michigan limited liability company act," by amending section 102 (MCL 450.4102), as amended by 2015 PA 157. Senator Schmidt and Erix Hanna, representing the Michigan Community Capital, testified in support of SB 926. Questions and discussion followed. Mack Jones, representing the Michigan Department of Licensing and Regulatory Affairs, testified in support of SB 926. Questions and discussion followed. At 9:39 AM, the Chair laid the committee at ease. At 9:40 AM, the Chair called the committee back to order.