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Public Act Number: 290
Public Act Year: 2010
Document Type(s): MCLs
(29 results found)
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Document Type Description
Section 450.4102 Section Definitions.
Section 450.4103 Section Documents; signatures; requirements.
Section 450.4206 Section Transacting business under assumed name; certificate; effective period; extension; notice of expiration; rights not created; same name assumed in partnership or joint venture; transfer of assumed name to survivor; use of name by surviving company; assumed name of converted company; certificate of conversion.
Section 450.4211 Section Validity of action or transfer of property; asserting lack of capacity or power.
Section 450.4216 Section Limited liability company; powers.
Section 450.4302 Section Promise by member to contribute; enforcement; obligation to perform; rights of company; compromising obligation; enforcement by creditor of original member's obligation.
Section 450.4304 Section Distribution; conditions for receiving.
Section 450.4308 Section Distribution; violating operating agreement or MCL 450.4307; liability of members or managers; presumption of assent; knowledge of violation; contribution; commencement of proceeding.
Section 450.4401 Section Management vested in members.
Section 450.4403 Section Managers; selection; vote; removal; notice.
Section 450.4404 Section Managers; duties; action for failure to perform duties.
Section 450.4406 Section Manager as agent.
Section 450.4409 Section Manager or agent with interest in company; effect; majority vote by members with no interest in transaction; claims.
Section 450.4501 Section Members; admission; liability for acts, debts, or obligations.
Section 450.4502 Section Members; voting rights.
Section 450.4503 Section Members; obtaining certain financial statements and tax returns; inspecting and copying records; obtaining other information; formal accounting of company's affairs.
Section 450.4505 Section Membership interest; assignment; liability of assignee; assignor as member; liability of assignor not released.
Section 450.4506 Section Assignee of membership interest; conditions for membership; rights and powers; liability for obligations of assignor.
Section 450.4507 Section 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.
Section 450.4510 Section Commencement and maintenance of civil suit by company; conditions.
Section 450.4514 Section Termination of derivative proceeding; court order.
Section 450.4515 Section Action in circuit court; grounds; order or grant of relief; “willfully unfair and oppressive conduct” defined.
Section 450.4604 Section Restated articles of organization.
Section 450.4702 Section Merger; approval of plan by members; withdrawal and distribution.
Section 450.4708 Section Conversion into business organization; requirements; effectiveness of certificate of conversion; foreign business organization as surviving business organization; "business organization" and "entity" defined.
Section 450.4709 Section Conversion of business organization into domestic limited liability company; requirements; effectiveness of certificate of conversion.
Section 450.4801 Section Dissolution and winding up; conditions.
Section 450.4804 Section Certificate of dissolution; filing; contents.
Section 450.4805 Section Winding up by managers, members, or circuit court; procedures; right to maintain actions.