23-1993-3 - ARTICLE 3 (450.4301...450.4308)
- Section 450.4304 - Distribution; conditions for receiving
- 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
- 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 450.4305 - 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