Mich. Comp. Laws » Michigan Compiled Laws / Chapter 450 / Act 23 of 1993
Michigan Compiled Laws

Mich. Comp. Laws § 450.4508 (2026)

Encumbrance against membership interest; effect.

✓ current as of July 2026
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MICHIGAN LIMITED LIABILITY COMPANY ACT


Act 23 of 1993


450.4508 Encumbrance against membership interest; effect.

Sec. 508.

    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.

History: 1993, Act 23, Eff. June 1, 1993

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2021–2021 · leading case: in Re Lewerenz Est. (Mich. Ct. App. 2021).
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in Re Lewerenz Est. (Mich. Ct. App. 2021). “Indeed, under the EPIC, “a personal representative has the same power over the title to estate property that an absolute owner would have, in trust, however, for the benefit of creditors or others interested in the estate,” which “may be exercised without notice, hearing, or…”
— Mich. Comp. Laws § 450.4508(1) — 1 case
in Re Lewerenz Est. (Mich. Ct. App. 2021). “Indeed, under the EPIC, “a personal representative has the same power over the title to estate property that an absolute owner would have, in trust, however, for the benefit of creditors or others interested in the estate,” which “may be exercised without notice, hearing, or…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.