Common Contracts
2 similar Operating Agreement contracts
MICHIGAN LIMITED LIABILITY COMPANY ACT (EXCERPT)Operating Agreement • December 3rd, 2020
Sec. 502. (1) An operating agreement may establish and allocate the voting rights of members and may provide that certain members or groups of members have only limited or no voting rights. If an operating agreement does not address voting rights, votes are allocated as follows:
MICHIGAN LIMITED LIABILITY COMPANY ACT (EXCERPT)Operating Agreement • August 27th, 2020
Sec. 502. (1) An operating agreement may establish and allocate the voting rights of members and may provide that certain members or groups of members have only limited or no voting rights. If an operating agreement does not address voting rights, votes are allocated as follows:
