Article
Article 5
- Mich. Comp. Laws § 450.4501— Members; admission; liability for acts, debts, or obligations
- Mich. Comp. Laws § 450.4502— Members; voting rights
- Mich. Comp. Laws § 450.4503— Members; obtaining certain financial statements and tax returns; inspecting and copying records; obtaining other information; formal accounting of company's affairs
- Mich. Comp. Laws § 450.4504— Membership interest as personal property
- Mich. Comp. Laws § 450.4505— Membership interest; assignment; liability of assignee; assignor as member; liability of assignor not released
- Mich. Comp. Laws § 450.4506— Assignee of membership interest; conditions for membership; rights and powers; liability for obligations of assignor
- Mich. Comp. Laws § 450.4507— Charging membership interest with payment of judgment; rights of judgment creditor; rights and powers of member; charging order as lien on membership interest; section as exclusive remedy
- Mich. Comp. Laws § 450.4508— Encumbrance against membership interest; effect
- Mich. Comp. Laws § 450.4509— Withdrawal of member; distribution; expulsion
- Mich. Comp. Laws § 450.4510— Commencement and maintenance of civil suit by company; conditions
- Mich. Comp. Laws § 450.4511— Investigation of allegations; stay of derivative proceeding
- Mich. Comp. Laws § 450.4512— Dismissal of derivative proceeding; findings; burden of proof; determination; “disinterested” defined
- Mich. Comp. Laws § 450.4513— Discontinued or settled derivative proceeding; court approval required; notice; expense
- Mich. Comp. Laws § 450.4514— Termination of derivative proceeding; court order
- Mich. Comp. Laws § 450.4515— Action in circuit court; grounds; order or grant of relief; “willfully unfair and oppressive conduct” defined