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U.S. State Codes
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Michigan
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Chapter 450 - Corporations
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Act 23 of 1993 Michigan Lim...
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Article 3 - (450.4301...450.4308)
Article 3 - (450.4301...450.4308)
Section 450.4301 Members; Contribution.
Section 450.4302 Promise by Member to Contribute; Enforcement; Obligation to Perform; Rights of Company; Compromising Obligation; Enforcement by Creditor of Original Member's Obligation.
Section 450.4303 Distribution of Assets; Allocation; Manner; Basis.
Section 450.4304 Distribution; Conditions for Receiving.
Section 450.4305 Distributions to Withdrawing Member.
Section 450.4306 Distributions; Demand, Acceptance, and Receipt of Distribution; Form.
Section 450.4307 Distributions Prohibited Under Certain Situations; Exceptions; Effect of Distribution Under Subsection (1); Remedies Available; Future Payments to Withdrawing Members; Effect of Subsection (1) on Third Party; Asserting Legal or Equitable Rights.
Section 450.4308 Distribution; Violating Operating Agreement or Mcl 450.4307; Liability of Members or Managers; Presumption of Assent; Knowledge of Violation; Contribution; Commencement of Proceeding.