Michigan § 450.4907 - Professional limited liability company; prohibited activities; exception.
Full text of Michigan Michigan Compiled Laws § 450.4907 — Professional limited liability company; prohibited activities; exception., with citation guidance and answers to common questions.
§ 450.4907. Professional limited liability company; prohibited activities; exception.
A professional limited liability company shall not engage in any business other than the rendering of the professional services for which it was specifically organized.
This act does not prohibit the company from investing its funds in real estate, mortgages, stocks, bonds, or any other type of investments, owning real or personal property necessary for the rendering of professional services, becoming a partner in a partnership formed under Act No. 72 of the Public Acts of 1917, being sections 449.1 to 449.43 of the Michigan Compiled Laws, if the partnership performs the same professional services as the professional limited liability company, or forming or becoming a member or manager of another professional limited liability company organized under this act if both professional limited liability companies perform the same professional services.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.4907
What does Michigan Compiled Laws § 450.4907 cover?
Section 450.4907 ("Professional limited liability company; prohibited activities; exception.") 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 § 450.4907?
A common citation format is "Michigan Compiled Laws § 450.4907" (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 § 450.4907 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.