reglab/housing_qa huggingface dataset:
MI Comp L § 450.4105 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 1 - (450.4101...450.4106)|Section 450.4105 - Failure to Promptly File Document; Notice of Refusal to File; Judicial Review.

450.4105 Failure to promptly file document; notice of refusal to file; judicial review. Sec. 105.  (1) If the administrator fails promptly to file a document submitted for filing under this act, the administrator, within 10 days after receipt from the person submitting the document for filing of a written request for the filing of the document, shall give to that person written notice of the refusal to file that states the reasons for the failure to file the document. If the document was originally submitted by electronic transmission, the administrator may give the written notice by electronic transmission.  (2) A person may seek judicial review of the administrator's decision under sections 103, 104, and 106 of the administrative procedures act of 1969, 1969 PA 306, MCL 24.303, 24.304, and 24.305.  (3) If the administrator refuses or revokes the authorization of a foreign limited liability company to transact business in this state pursuant to this act, the foreign limited liability company may seek judicial review under sections 103, 104, and 106 of the administrative procedures act of 1969, 1969 PA 306, MCL 24.303, 24.304, and 24.305. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4106 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 1 - (450.4101...450.4106)|Section 450.4106 - Documents; Inaccurate Record or Defective Execution; Certificate of Correction; Filing; Signature; Contents; Effective Date of Corrected Document.

450.4106 Documents; inaccurate record or defective execution; certificate of correction; filing; signature; contents; effective date of corrected document. Sec. 106.  (1) If a document relating to a domestic or foreign limited liability company filed with the administrator under this act was at the time of filing an inaccurate record of the action referred to in the document, or was defectively or erroneously executed, or was electronically transmitted and the electronic transmission was defective, the document may be corrected by filing with the administrator a certificate of correction on behalf of the company.  (2) The certificate shall be signed as provided by this act in the same manner as required for the document being corrected.  (3) The certificate shall set forth the name of the company, the date the document to be corrected was filed by the administrator, the provision in the document as it should have originally appeared, and if the execution was defective, the proper execution.  (4) The corrected document is effective in its corrected form as of its original filing date except as to a person who relied upon the inaccurate portion of the document and was as a result of the inaccurate portion of the document adversely affected by the correction. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4201 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4201 - Limited Liability Company; Purpose.

450.4201 Limited liability company; purpose. Sec. 201.  A limited liability company may be formed under this act for any lawful purpose for which a domestic corporation or a domestic partnership could be formed, except as otherwise provided by law. A limited liability company formed to provide services in a learned profession, or more than 1 learned profession, shall comply with article 9. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997
MI Comp L § 450.4202 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4202 - Limited Liability Company; Formation; Filing as Evidence That All Conditions Performed; Exception; Duration.

450.4202 Limited liability company; formation; filing as evidence that all conditions performed; exception; duration. Sec. 202.  (1) One or more persons, who may or may not become members, may be the organizers of a limited liability company by filing executed articles of organization.  (2) The existence of the limited liability company begins on the effective date of the articles of organization as provided in section 104. Filing is conclusive evidence that all conditions precedent required to be performed under this act are fulfilled and that the company is formed under this act, except in an action or special proceeding by the attorney general. The maximum duration of the limited liability company is perpetual unless otherwise provided in the articles of organization. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4203 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4203 - Articles of Organization; Contents.

450.4203 Articles of organization; contents. Sec. 203.  (1) The articles of organization shall contain all of the following:  (a) The name of the limited liability company.  (b) The purposes for which the limited liability company is formed. It is sufficient to state substantially, alone or with specifically enumerated purposes, that the limited liability company may engage in any activity for which limited liability companies may be formed under this act.  (c) The street address, and the mailing address if different from the street address, of the limited liability company's initial registered office and the name of its initial resident agent at that address.  (d) If the business of the limited liability company is to be managed by managers, a statement that the business is to be managed by or under the authority of managers.  (e) The maximum duration of the limited liability company, if other than perpetual.  (2) The articles of organization may contain any provision not inconsistent with this act or another statute of this state, including any provision that is required or permitted to be in an operating agreement under this act.  (3) The articles of organization need not set out the powers of the limited liability company as described in section 210. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4204a (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4204a - Limited Liability Company Licensed as Nursing Home; Use of Terms.

450.4204a Limited liability company licensed as nursing home; use of terms. Sec. 204a.  A limited liability company formed or existing under or subject to this act that is licensed or is to be licensed as a nursing home under article 17 of the public health code, 1978 PA 368, MCL 333.20101 to 333.22260, may use the term "health center" or "health care center" or a term conveying a meaning substantially similar to those terms, or the term "rehabilitation center", as long as those terms do not conflict with the terms prohibited by section 21712 of the public health code, 1978 PA 368, MCL 333.21712. History: Add. 2001, Act 277, Imd. Eff. Jan. 11, 2002
MI Comp L § 450.4205 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4205 - Reserving Right to Use of Name; Application; Transfer of Right.

450.4205 Reserving right to use of name; application; transfer of right. Sec. 205.  (1) A person may reserve the right to use of a limited liability company name by executing and filing with the administrator an application to reserve the name. If the administrator finds that the name is available for use, the administrator shall reserve it for exclusive use of the applicant for a period expiring at the end of the sixth full calendar month following the month in which the application was filed.  (2) The right to exclusive use of a reserved name may be transferred to another person by filing a notice of the transfer, executed by the applicant for whom the name was reserved, and stating the name and address of the transferee. History: 1993, Act 23, Eff. June 1, 1993
MI Comp L § 450.4207 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4207 - Maintaining Registered Office and Resident Agent; Service of Process, Notice, or Demand; Appointment of Agent; Annual Statement; Service of Process by Mail.

450.4207 Maintaining registered office and resident agent; service of process, notice, or demand; appointment of agent; annual statement; service of process by mail. Sec. 207.  (1) Each domestic limited liability company and foreign limited liability company authorized to transact business in this state shall have and continuously maintain in this state both of the following:  (a) A registered office that may, but need not be, the same as its place of business.  (b) A resident agent. The resident agent may be either an individual resident in this state whose business office or residence is identical with the registered office or any of the following having a business office identical with the registered office:  (i) A domestic corporation.  (ii) A foreign corporation authorized to transact business in this state.  (iii) A domestic limited liability company.  (iv) A foreign limited liability company authorized to transact business in this state.   (2) The resident agent appointed by a limited liability company is an agent of the company upon whom any process, notice, or demand required or permitted by law to be served upon the company may be served.  (3) A domestic limited liability company or foreign limited liability company authorized to transact business in this state shall file with the administrator an annual statement executed as provided in section 103 containing the name of its resident agent and the address of its registered office in this state. The statement shall be filed not later than February 15 of each year, except that a limited liability company formed after September 30 or a foreign limited liability company authorized to transact business in this state after September 30 need not file a statement on the February 15 immediately succeeding its formation or authorization.  (4) If a limited liability company fails to appoint or maintain an agent for service of process, or the agent for service of process cannot be found or served through the exercise of reasonable diligence, service of process may be made by delivering or mailing by registered mail to the administrator a summons and copy of the complaint. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4208 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4208 - Resident Agent; Resignation; Notice; Appointment of Successor; Termination of Appointment.

450.4208 Resident agent; resignation; notice; appointment of successor; termination of appointment. Sec. 208.  (1) A resident agent of a limited liability company may resign as agent upon filing a written notice of resignation with the administrator and with a member or manager of the limited liability company.  (2) The company shall promptly appoint a successor resident agent.  (3) The appointment of the resigning agent terminates 30 days after the date the notice is filed with the administrator or upon the appointment of a successor, whichever occurs first. History: 1993, Act 23, Eff. June 1, 1993
MI Comp L § 450.4209 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4209 - Changing Registered Office or Resident Agent; Statement; Filing; Contents; Changing Business or Residence Address of Resident Agent.

450.4209 Changing registered office or resident agent; statement; filing; contents; changing business or residence address of resident agent. Sec. 209.  (1) A domestic limited liability company or foreign limited liability company authorized to transact business in this state may change its registered office or resident agent, or both, upon filing with the administrator a statement executed as provided in section 103 and setting forth all of the following:  (a) The name of the limited liability company.  (b) The address of its then registered office and the new address if the registered office is to be changed.  (c) The name of its then resident agent and the name of the successor if the resident agent is to be changed.  (d) A statement that the address of the registered office and the address of the resident agent are identical.  (e) A statement that the change was authorized in accordance with an operating agreement, or, if not provided for in an operating agreement, by affirmative vote of a majority of the members voting in accordance with section 502(1) or managers voting in accordance with section 405.  (2) If a resident agent changes its business or residence address to another place within this state, the resident agent may change the address of the registered office of the domestic or foreign limited liability company of which the person is a resident agent by filing a statement as required in subsection (1) and mailing a copy of the statement to the limited liability company. The statement need only to be signed by the resident agent and need not contain the statement required by subsection (1)(e). History: 1993, Act 23, Eff. June 1, 1993
MI Comp L § 450.4210 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4210 - Limited Liability Company; Powers.

450.4210 Limited liability company; powers. Sec. 210.  Subject to the limitations provided in this act, any other statute of this state, or its articles of organization, a limited liability company has all powers necessary or convenient to effect any purpose for which the company is formed, including all powers granted to corporations in the business corporation act, 1972 PA 284, MCL 450.1101 to 450.2098. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4211 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4211 - Validity of Action or Transfer of Property; Asserting Lack of Capacity or Power.

450.4211 Validity of action or transfer of property; asserting lack of capacity or power.Sec. 211.  An act of a limited liability company and a transfer of real or personal property to or by a limited liability company, otherwise lawful, is not invalid because the company was without capacity or power to do the act or make or receive the transfer, except that the lack of capacity or power may be asserted in any of the following:  (a) In an action by a member against the company to enjoin the doing of an act or the transfer of real or personal property by or to the company.  (b) In an action by or in the right of the company to procure a judgment in its favor against an incumbent or former member or manager of the company for loss or damage due to an unauthorized act of that member or manager.  (c) In an action or special proceeding by the attorney general to dissolve the company or to enjoin it from the transaction of unauthorized business. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 2010, Act 290, Imd. Eff. Dec. 16, 2010
MI Comp L § 450.4212 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4212 - Interest Rate; Agreement.

450.4212 Interest rate; agreement. Sec. 212.  A domestic or foreign limited liability company, whether or not formed at the request of a lender, may agree in writing to pay any rate of interest as long as that rate of interest is not in excess of the rate set forth in Act No. 259 of the Public Acts of 1968, being sections 438.41 to 438.42 of the Michigan Compiled Laws. History: 1993, Act 23, Eff. June 1, 1993
MI Comp L § 450.4213 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4213 - Registered Office or Principal Place of Business; Documents Required to Be Kept.

450.4213 Registered office or principal place of business; documents required to be kept. Sec. 213.  A limited liability company shall keep at its registered office or principal place of business in this state all of the following:  (a) A current list of the full name and last known address of each member and manager.  (b) A copy of the articles or restated articles of organization, together with any amendments to the articles.  (c) Copies of the limited liability company's federal, state, and local tax returns and reports, if any, for the 3 most recent years.  (d) Copies of any financial statements of the limited liability company for the 3 most recent years.  (e) Copies of operating agreements.  (f) Copies of records that would enable a member to determine the members' relative shares of the limited liability company's distributions and the members' relative voting rights. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997
MI Comp L § 450.4214 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4214 - Conflict Between Articles of Organization and Operating Agreement.

450.4214 Conflict between articles of organization and operating agreement. Sec. 214.  If there is a conflict between the articles of organization and an operating agreement of a limited liability company, the articles of organization shall control. History: Add. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4215 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4215 - Operating Agreement Unenforceable.

450.4215 Operating agreement unenforceable. Sec. 215.  An operating agreement of a limited liability company that has 1 member is not unenforceable because only 1 person is a party to the operating agreement. History: Add. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4216 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 2 - (450.4201...450.4216)|Section 450.4216 - Limited Liability Company; Powers.

450.4216 Limited liability company; powers.Sec. 216.  Except as otherwise provided in an operating agreement, a limited liability company may do any of the following:  (a) Indemnify, hold harmless, and defend a member, manager, or other person from and against any and all losses, expenses, claims, and demands sustained by that person, except that the company may not indemnify a person for conduct described in section 407(a), (b), or (c).  (b) Purchase and maintain insurance on behalf of a member, manager, or other person against any liability or expense asserted against or incurred by that person, whether or not the company may indemnify that person under subdivision (a). History: Add. 2010, Act 290, Imd. Eff. Dec. 16, 2010
MI Comp L § 450.4301 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 3 - (450.4301...450.4308)|Section 450.4301 - Members; Contribution.

450.4301 Members; contribution. Sec. 301.  (1) A contribution of a member to a limited liability company may consist of any tangible or intangible property or benefit to the company, including cash, property, services performed, promissory notes, contracts for services to be performed, or other binding obligation to contribute cash or property or to perform services.  (2) A contribution of an obligation to contribute cash or property or to perform services may be in exchange for a present membership interest or for a future membership interest, including a future profits interest, as provided in an operating agreement.  History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
MI Comp L § 450.4302 (2021)
2021 Michigan Compiled Laws|Chapter 450 - Corporations|Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)|Article 3 - (450.4301...450.4308)|Section 450.4302 - Promise by Member to Contribute; Enforcement; Obligation to Perform; Rights of Company; Compromising Obligation; Enforcement by Creditor of Original Member's Obligation.

450.4302 Promise by member to contribute; enforcement; obligation to perform; rights of company; compromising obligation; enforcement by creditor of original member's obligation.Sec. 302.  (1) A promise by a member to contribute to the limited liability company is not enforceable unless the promise is in writing and signed by the member.  (2) Unless otherwise provided in an operating agreement, a member is obligated to the limited liability company to perform any enforceable promise to contribute cash or property or to perform services, even if the member is unable to perform because of death, disability, or other reason. If a member does not make the required contribution of property or services, the member is obligated, at the option of the limited liability company, to contribute cash equal to that portion of value of the stated contribution that is not made.  (3) The rights of the limited liability company under subsection (2) are in addition to any other rights that the limited liability company may have under an operating agreement or applicable law.  (4) Unless otherwise provided in an operating agreement, a member's obligation to make a contribution or to return money or other property paid or distributed in violation of this act may be compromised only upon the unanimous vote of the members of the limited liability company entitled to vote. Notwithstanding a compromise of a member's obligation, a creditor of a limited liability company who extends credit or otherwise acts in reliance on the member's obligation after the member signs a writing that reflects the obligation and before the amendment of the writing to reflect the compromise may enforce the member's original obligation. History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2010, Act 290, Imd. Eff. Dec. 16, 2010