Michigan limited liability company definition

Michigan limited liability company means a limited liability company organized under the Michigan limited liability company act, 1993 PA 23, MCL 450.4101 to 450.5200.
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Michigan limited liability company means a limited
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Examples of Michigan limited liability company in a sentence

  • A professional limited liability company organized pursuant to the Michigan limited liability company act, Act No. 23 of the Public Acts of 1993, being sections 450.5101 to 450.6200 of the Michigan Compiled Laws, if a legislator or state officer is an employee but not a member of the company.

  • A professional limited liability company organized pursuant to the Michigan limited liability company act, if the individual is an employee but not a member of the company.

  • The name of any domestic limited liability company or foreign limited liability company as filed or registered under the Michigan limited liability company act, 1993 PA 23, MCL 450.4101 to 450.5200, or any name currently reserved or assumed under that act.

  • A Michigan corporation or Michigan limited liability company may apply to the commissioner for a license under this act.

  • If the applicant is or will be a Michigan limited liability company, the applicant's operating agreement and business plan are consistent with the objectives of promoting the stability and viability of the applicant and will not impede the ability of the applicant to retain any earnings or increases to fund balances and borrow funds to support the applicant's continued operations.

  • At least 1/3 of the members of the board shall be individuals designated by the board of the Michigan strategic fund.(3) If the licensee is a Michigan limited liability company, the board may consist of members who are not managers of the licensee.(4) The board of directors of a licensee shall hold a meeting at least once each calendar quarter.

  • A person that is not a Michigan corporation or Michigan limited liability company shall not apply for, and the commissioner shall not grant, a license under this act.History: 1986, Act 89, Imd.

  • This act shall be known and may be cited as the "Michigan limited liability company act".History: 1993, Act 23, Eff.

  • MCA is a Michigan limited liability company that was formed in 2003 and has been in business continuously since then.

  • For a captive insurer formed as a limited liability company, the captive insurer is no longer in good standing under the Michigan limited liability company act, 1993 PA 23, MCL 450.4101 to 450.5200.

Related to Michigan limited liability company

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.

  • Corporation means a corporation, association, company, joint-stock company or business trust.