{"data":{"id":"us-mi/mich.-comp.-laws-449.1404","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 449.1404","heading":"General partner; right to contribute to partnership and share in profits and losses as general or limited partner; rights, powers, restrictions, and liabilities of one person as both general and limited partner.","body":"Sec. 404.\n\nA general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his or her participation in the partnership as a limited partner.","path":["MI Code","Chapter 449","Act Act-213-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-449-1404","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dde1da34a78b4e68ddd61ab88c346c3c36930d84c870a10095d7eb59c430f158","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-449.1403","next":"us-mi/mich.-comp.-laws-449.1405"},"notice":"GroundRules: Original legal text. Not legal advice."}