MCL - Index of 23-1993-3

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
23-1993-3 ARTICLE 3 (450.4301...450.4308)
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.