{"data":{"id":"us-mi/mich.-comp.-laws-450.4508","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.4508","heading":"Encumbrance against membership interest; effect.","body":"Sec. 508.\n\nUnless otherwise provided in an operating agreement, the pledge or granting of a security interest, lien, or other encumbrance in or against any or all of the membership interest of a member does not cause the member to cease to be a member or to lose the power to exercise any rights or powers of a member.","path":["MI Code","Chapter 450","Act Act-23-of-1993"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-4508","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b5fad19159aced8fba905f7fb1a376d4b35882ef18203d240cefe74d269f932b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.4507","next":"us-mi/mich.-comp.-laws-450.4509"},"notice":"GroundRules: Original legal text. Not legal advice."}