Construction and application of chapter and limited liability company agreement.
(1) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.
(2) It is the policy of this chapter to give the maximum effect to the principle of freedom of contract and to the enforceability of limited liability company agreements.
(3) Unless the context otherwise requires, as used in this chapter, the singular shall include the plural and the plural may refer to only the singular. The captions contained herein are for purposes of convenience only and shall not control or affect the construction of this chapter and do not constitute part of the law.
[1994 c 211 § 1301.]