Mich. Comp. Laws § 449.17: Incoming partner; liability.
Where this section sits in the code
- MI Code
- Chapter 449
- Act Act-72-of-1917
Sec. 17.
(Liability of incoming partner). A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
Collected 2026-09-14T18:32:31Z. Source file · JSON