Section 450.5103 - Interest as security.
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