Michigan Compiled Laws

Mich. Comp. Laws § 450.4301 (2026)

Members; contribution.

✓ current as of July 2026

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MICHIGAN LIMITED LIABILITY COMPANY ACT

Act 23 of 1993

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

Notes of Decisions

Cited in 1 case, 2017–2017 · leading case: John Kenney v. Daniel P Boss (Mich. Ct. App. 2017).

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John Kenney v. Daniel P Boss (Mich. Ct. App. 2017). · cites it 2× “3 states, in part: “No member other than Boss Cogo, LLC is required to add additional funds to allow the Company to conduct its 9 MCL 450.”

— Mich. Comp. Laws § 450.4301(1) — 1 case

John Kenney v. Daniel P Boss (Mich. Ct. App. 2017). “3 states, in part: “No member other than Boss Cogo, LLC is required to add additional funds to allow the Company to conduct its 9 MCL 450.”

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