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Michigan Legislature
Michigan Compiled Laws Complete Through PA 48 of 2019
House: Adjourned until Thursday, October 17, 2019 12:00:00 PM
Senate: Adjourned until Thursday, October 17, 2019 10:00:00 AM


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Act 181 of 1859
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PARTNERS AND JOINT DEBTORS; SETTLEMENTS OR COMPROMISES WITH CREDITORS

Act 181 of 1859

AN ACT to provide for settlement and compromises by partners and joint debtors with their creditor or creditors.


History: 1859, Act 181, Eff. May 18, 1859


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 449.151SectionCopartnerships; settlements with creditors; discharge of partner not party.
Section 449.152SectionSettlements with creditors; written discharge by creditors, bar to recovery.
Section 449.153SectionSettlements with creditors; rights against undischarged partners not impaired; right to set off and defense.
Section 449.154SectionSettlements with creditors; contribution between partners.
Section 449.155SectionExtension of act to joint debtors.
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