There is a newer version of the Michigan Compiled Laws
2011 Michigan Compiled Laws
Chapter 450 — CORPORATIONS
Act 23 of 1993 — MICHIGAN LIMITED LIABILITY COMPANY ACT (450.4101 - 450.5200)
23-1993-11 — ARTICLE 11 (450.5101...450.5200)
Section 450.5103 — Interest as security.
MI Comp L § 450.5103 (1996 through Reg Sess) What's This?
MICHIGAN LIMITED LIABILITY COMPANY ACT (EXCERPT)
Act 23 of 1993
450.5103 Interest as security.
Sec. 1103.
An interest in a limited liability company to which this act applies is a security to the same extent as an interest in a corporation, partnership, or limited partnership is a security.
History: 1993, Act 23, Eff. June 1, 1993
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