Bank Records Are Not Enough To Prove LLC Ownership
A recent published decision from the Michigan Court of Appeals underscores a critical issue for LLC members, heirs, and anyone asserting ownership in a Michigan limited liability company: bank documents cannot be relied upon to prove LLC membership because those are documents of a third-party, not "of the limited liability company" as the statute requires. In Estate of James D. Branch v. Kevin Rudolph, Docket No. 368071, the court held that a bank signature card listing [...]