Michigan Disclaimer of All Rights Under Operating Agreement by Party to Agreement

State:
Multi-State
Control #:
US-OG-595
Format:
Word; 
Rich Text
Instant download

Description

This is a form of Disclaimer of All Rights Under an Operating Agreement (by Party to Agreement).

How to fill out Disclaimer Of All Rights Under Operating Agreement By Party To Agreement?

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FAQ

Michigan Compiled Laws Chapter 445, Act 331 is more commonly known as the Michigan Consumer Protection Act (?MCPA?) and it is a state law that provides consumers with legal protection from unfair methods, acts, or practices during trade or commerce.

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

The Michigan Personal Data Privacy Act outlines the following requirements for businesses: Posting a clear and accessible privacy policy for consumers. Providing opt-in consent options for processing all personal data. Performing data protection impact assessments to process sensitive personal data.

(e) A prepaid discount card or program used to purchase identified goods or services at a price or percentage below the normal and customary price, if any expiration date of the prepaid discount card or program is clearly and conspicuously disclosed.

The Michigan Consumer Protection Act (1976 PA 331) gives consumers, prosecutors, and the Attorney General a way to fight deceptive practices. This act prohibits many unfair and deceptive trade practices and gives prosecutors more power to enforce the law.

Section 445.903 of the Act forbids false advertising. Under Section 445.905 the Attorney General and the prosecuting attorney can bring an action upon receiving notice of a violation, and under Section 445.910 Attorney General can bring a class action. Section 445.911, enables the private person to bring an action.

AN ACT to prohibit certain methods, acts, and practices in trade or commerce; to require the disclosure, maintenance, and verification of certain information for consumer protection; to prescribe certain powers and duties; to provide for certain remedies, damages, and penalties; to provide for the promulgation of rules ...

Under the MCPA, the statute of limitations is six years after the date of the alleged violation or one year after the final payment in a transaction that involves an unlawful business practice, whichever ends at a later date.

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Michigan Disclaimer of All Rights Under Operating Agreement by Party to Agreement