MI Bar Practice Questions - Michigan Bar Examination Exam

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A Michigan LLC is formed but the operating agreement is silent on management. Under the Michigan Limited Liability Company Act, an LLC is by default:

Manager-managed, controlled only by a single appointed manager Dissolved automatically Controlled entirely by the Michigan Secretary of State Member-managed, with management vested in the members in proportion to their interests unless the articles or operating agreement provide otherwise

Correct Answer:

Member-managed, with management vested in the members in proportion to their interests unless the articles or operating agreement provide otherwise

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