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