{"data":{"id":"us-mi/mich.-comp.-laws-449.1805","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 449.1805","heading":"Distribution of assets upon winding up.","body":"Sec. 805.\n\nUpon the winding up of a limited partnership, the assets shall be distributed as follows:\n\nTo creditors, including partners who are creditors, to the extent permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under section 601 or 604.\n\nExcept as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under section 601 or 604.\n\nExcept as provided in the partnership agreement, to partners first for the return of their contributions and secondly respecting their partnership interests, in the proportions in which the partners share in distributions.","path":["MI Code","Chapter 449","Act Act-213-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-449-1805","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"740294e4a27868f8bf3bcfa021d313c4ea3f0d6accea9128c42a7c277ec23b4e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-449.1804","next":"us-mi/mich.-comp.-laws-449.1901"},"notice":"GroundRules: Original legal text. Not legal advice."}