Michigan Compiled Laws 23-1993-9 Article 9 (450.4901...450.4910)

• Section 450.4901 Limited Liability Company; Rendering Professional Services; Applicability Of Article.
  (1) A limited liability company formed to render 1 or more professional services, as defined in section 902 may be organized under this article...
• Section 450.4902 Definitions.
  As used in this article: (a) "Licensed person" means an individual who is licensed or otherwise legally authorized to practice a professional service by...
• Section 450.4903 Professional Limited Liability Company; Purpose Stated In Articles Of Organization; Name.
  (1) One or more licensed persons may organize and become members of a professional limited liability company. (2) The articles of organization of a...
• Section 450.4904 Rendering Professional Services; Organization Of Professional Liability Company Or Professional Limited Liability Company; License Or Legal Authorization Of Persons Required.
  (1) Except as provided in this section or otherwise prohibited, a professional limited liability company may render 1 or more professional services, and each...
• Section 450.4905 Professional Limited Liability Company; License Required; “employee” Explained; Effect Of Act On Laws Applicable To Professional Relationship And Liabilities; Liability For Negligent Or Wrongful Acts.
  (1) A professional limited liability company shall not render professional services within this state except through its members, managers, employees, and agents who are...
• Section 450.4906 Disqualification, Restriction, Or Limitation On Persons Rendering Professional Service; Severing Employment And Financial Interest; Noncompliance.
  If a member, manager, employee, or agent of a professional limited liability company becomes legally disqualified to render the professional services rendered by the...
• Section 450.4907 Professional Limited Liability Company; Prohibited Activities; Exception.
  (1) A professional limited liability company shall not engage in any business other than the rendering of the professional services for which it was...
• Section 450.4908 Sale Or Transfer Of Membership Interest; Restrictions.
  (1) A membership interest in a professional limited liability company shall not be sold or transferred except to a person who is eligible to...
• Section 450.4909 Annual Report; Filing Fee; Penalty For Late Filing.
  (1) In addition to the annual statement required in section 207(3), a professional limited liability company shall file with the administrator an annual report,...
• Section 450.4910 Merger; Limitation.
  A professional limited liability company may merge only with other limited liability companies whose members and managers are licensed persons permitted to be members...

Last modified: October 10, 2016