Michigan Compiled Laws
Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 3 - (450.4301...450.4308)

Section 450.4301 - Members; Contribution. - Sec. 301. (1) A contribution of a member to a...

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. - Sec. 302. (1) A promise by a member to contribute...

Section 450.4303 - Distribution of Assets; Allocation; Manner; Basis. - Sec. 303. (1) Distributions of cash or other assets of...

Section 450.4304 - Distribution; Conditions for Receiving. - Sec. 304. (1) Except as otherwise provided in this act...

Section 450.4305 - Distributions to Withdrawing Member. - Sec. 305. Until the effective date of withdrawal, a withdrawing...

Section 450.4306 - Distributions; Demand, Acceptance, and Receipt of Distribution; Form. - Sec. 306. Except as provided in an operating agreement, a...

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 Equ... - Sec. 307. (1) Except as otherwise provided in subsection (5),...

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. - Sec. 308. (1) A member or manager that votes for...