Michigan § 450.4508 - Encumbrance against membership interest; effect.
Full text of Michigan Michigan Compiled Laws § 450.4508 — Encumbrance against membership interest; effect., with citation guidance and answers to common questions.
§ 450.4508. Encumbrance against membership interest; effect.
Unless otherwise provided in an operating agreement, the pledge or granting of a security interest, lien, or other encumbrance in or against any or all of the membership interest of a member does not cause the member to cease to be a member or to lose the power to exercise any rights or powers of a member.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.4508
What does Michigan Compiled Laws § 450.4508 cover?
Section 450.4508 ("Encumbrance against membership interest; effect.") 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 § 450.4508?
A common citation format is "Michigan Compiled Laws § 450.4508" (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 § 450.4508 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.