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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 191 of 1877
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Act 191 of 1877

AN ACT authorizing the formation of partnership associations, in which the capital subscribed shall alone be responsible for the debts of the association, except under certain circumstances.

History: 1877, Act 191, Eff. Aug. 21, 1877

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 449.301SectionPartnership associations; formation; capital stock; articles of association, contents, recording, certification.
Section 449.302SectionPartnership associations; liability of members; labor debts.
Section 449.303SectionPartnership associations; limited as last word in name; effect of omission.
Section 449.304SectionPartnership associations; interest, transfer; death of member, effect; scope, limitation.
Section 449.305SectionPartnership associations; meetings, notice; managers; debts and liabilities; rules.
Section 449.306SectionPartnership associations; division of profits, impairment of capital.
Section 449.307SectionPartnership associations; loan of credit, name or capital, interest.
Section 449.308SectionPartnership associations; dissolution, conditions.
Section 449.309SectionPartnership associations; dissolution, distribution of property.
Section 449.310SectionPartnership associations; real estate, ownership and conveyance; service of process.
Section 449.311SectionSaving clause.
Section 449.312SectionPartnership associations; franchise fee to accompany articles of association; void contracts; specific tax.
Section 449.313SectionPartnership associations; annual report; time, contents, blanks, examination, filing; failure, duties of attorney general; dissolution notice; penalties, collection.
Section 449.314SectionExisting associations; articles, filing; penalty; franchise fee.
Section 449.315SectionExisting associations; articles, amendment, procedure; evidence.
Section 449.316SectionExisting associations; reorganization as corporation, procedure; franchise fee; period of existence.
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