A bill to amend 1993 PA 23, entitled “Michigan limited liability company act,” by amending section 504 (MCL 450.4504), as amended by 2002 PA 686.
This bill proposes amendments to the Michigan Limited Liability Company Act of 1993, specifically targeting section 504 as previously modified by the 2002 amendment. The bill aims to clarify that a membership interest in a limited liability company (LLC) is considered personal property, which can be held in any form applicable to personal property.
Introduced
by
Referred to the Committee on Government Operations
