450.5103 Interest as security.
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/mi/chapter-450/450-5103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
450.5103 Interest as security.
Sec. 1103.
An interest in a limited liability company to which this act applies is a security to the same extent as an interest in a corporation, partnership, or limited partnership is a security.
History: 1993, Act 23, Eff. June 1, 1993