For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Membership interest as personal property.

MCL 450.4504
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
450.4504. Membership interest as personal property. Sec. 504. (1) A membership interest is personal property and may be held in any manner in which personal property may be held. A husband and wife may hold a membership interest in joint tenancy in the same manner and subject to the same restrictions, consequences, and conditions that apply to the ownership of real estate held jointly by a husband and wife under the laws of this state, with full right of ownership by survivorship in case of the death of either. (2) A member has no interest in specific limited liability company property. 1993, Act 23, Eff. June 1, 1993; Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-450-4504Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements