Michigan Compiled Laws
Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 4 - (450.4401...450.4409)

Section 450.4401 - Management Vested in Members. - Sec. 401. Unless the articles of organization state that the...

Section 450.4402 - Managers; Delegation; Qualifications; Number; Notice of Delegation. - Sec. 402. (1) The articles of organization may provide that...

Section 450.4403 - Managers; Selection; Vote; Removal; Notice. - Sec. 403. (1) A vote of a majority in interest...

Section 450.4404 - Managers; Duties; Action for Failure to Perform Duties. - Sec. 404. (1) A manager shall discharge the duties of...

Section 450.4405 - Managers; Voting Requirements. - Sec. 405. (1) Except as otherwise provided in the articles...

Section 450.4406 - Manager as Agent. - Sec. 406. A manager is an agent of the limited...

Section 450.4407 - Managers; Eliminating or Limiting Liability; Exceptions. - Sec. 407. A provision in the articles of organization or...

Section 450.4408 - Repealed. 2010, Act 290, Imd. Eff. Dec. 16, 2010. - Compiler's Notes: The repealed section pertained to indemnification of manager...

Section 450.4409 - Manager or Agent With Interest in Company; Effect; Majority Vote by Members With No Interest in Transaction; Claims. - Sec. 409. (1) Except as otherwise provided in an operating...