Article
Article 3
- Mich. Comp. Laws § 450.4301— Members; contribution
- Mich. Comp. Laws § 450.4302— Promise by member to contribute; enforcement; obligation to perform; rights of company; compromising obligation; enforcement by creditor of original member's obligation
- Mich. Comp. Laws § 450.4303— Distribution of assets; allocation; manner; basis
- Mich. Comp. Laws § 450.4304— Distribution; conditions for receiving
- Mich. Comp. Laws § 450.4305— Distributions to withdrawing member
- Mich. Comp. Laws § 450.4306— Distributions; demand, acceptance, and receipt of distribution; form
- Mich. Comp. Laws § 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
- Mich. Comp. Laws § 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