Sec. 202.
(1) One or more persons, who may or may not become members, may be the organizers of a limited liability company by filing executed articles of organization.
(2) The existence of the limited liability company begins on the effective date of the articles of organization as provided in section 104. Filing is conclusive evidence that all conditions precedent required to be performed under this act are fulfilled and that the company is formed under this act, except in an action or special proceeding by the attorney general. The maximum duration of the limited liability company is perpetual unless otherwise provided in the articles of organization.
History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
Structure Michigan Compiled Laws
Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 2 - (450.4201...450.4216)
Section 450.4201 - Limited Liability Company; Purpose.
Section 450.4203 - Articles of Organization; Contents.
Section 450.4204a - Limited Liability Company Licensed as Nursing Home; Use of Terms.
Section 450.4205 - Reserving Right to Use of Name; Application; Transfer of Right.
Section 450.4207a - Certificate of Good Standing.
Section 450.4210 - Limited Liability Company; Powers.
Section 450.4211 - Validity of Action or Transfer of Property; Asserting Lack of Capacity or Power.
Section 450.4212 - Interest Rate; Agreement.
Section 450.4213 - Registered Office or Principal Place of Business; Documents Required to Be Kept.
Section 450.4214 - Conflict Between Articles of Organization and Operating Agreement.