Michigan § 450.4405 - Managers; voting requirements.
Full text of Michigan Michigan Compiled Laws § 450.4405 — Managers; voting requirements., with citation guidance and answers to common questions.
§ 450.4405. Managers; voting requirements.
Except as otherwise provided in the articles of organization or an operating agreement, voting by managers shall be as provided in this section.
If management of a limited liability company is delegated to managers under section 402 and the limited liability company has more than 1 manager, each manager has 1 vote and the vote of a majority of all managers is required to decide or resolve any difference on any matter connected with carrying on the business of the limited liability company that is within the scope of the managers' authority.
If management of a limited liability company remains in the members, section 502 applies to voting by the members.
Frequently Asked Questions About Michigan § 450.4405
What does Michigan Compiled Laws § 450.4405 cover?
Section 450.4405 ("Managers; voting requirements.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.4405?
A common citation format is "Michigan Compiled Laws § 450.4405" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.4405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.