Mich. Comp. Laws § 450.4508
Current through Public Act 151 of the 2024 Legislative Session
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.
MCL 450.4508