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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 450.4509: Withdrawal of member; distribution; expulsion.

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Where this section sits in the code
  1. MI Code
  2. Chapter 450
  3. Act Act-23-of-1993

Sec. 509.

A member may withdraw from a limited liability company only as provided in an operating agreement. A member withdrawing pursuant to an operating agreement may become entitled to a withdrawal distribution as described in section 305.

An operating agreement may provide for the expulsion of a member or for other events the occurrence of which will result in a person ceasing to be a member of the limited liability company.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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