Michigan Assignment of Operating Rights Interests

State:
Multi-State
Control #:
US-OG-517
Format:
Word; 
Rich Text
Instant download

Description

This form provides for assignments of operating rights interests in oil, gas or mineral dealings.

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FAQ

Act 42 of 1963 AN ACT to provide for the termination of dormant oil and gas interests in land owned by persons other than the owners of the surface and for the vesting of title to same in the surface owners in the absence of the filing of a notice of claim of interest within a specified period of time.

There is no state law in Michigan that requires LLCs to have an operating agreement.

AN ACT to provide for the organization and regulation of limited liability companies; to prescribe their duties, rights, powers, immunities, and liabilities; to prescribe the powers and duties of certain state departments and agencies; and to provide for penalties and remedies. History: 1993, Act 23, Eff.

554.134 Termination of estate at will or by sufferance or tenancy from year to year.

Limited Liability Companies. Bureau News. Learn About CSCL Licensing. Apply for / Renew a CSCL License.

The rights, privileges, powers, and interests in property of the domestic limited liability company, as well as the debts, liabilities, and duties of the domestic limited liability company, shall not be considered, as a consequence of the conversion, to have been transferred to the surviving business organization to ...

A domestic LLC is created as a business entity legally separate from its owners and is formed within the state of Michigan. The articles of organization must obey the legal requirements of the state. These include: Registering a name using LLC or ?Limited Liability Company.?

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Michigan Assignment of Operating Rights Interests