{"data":{"id":"us-mi/mich.-comp.-laws-449.21","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 449.21","heading":"Partner; accountability as fiduciary.","body":"Sec. 21.\n\n(Partner accountable as a fiduciary).\n\nEvery partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him of its property;\n\nThis section applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner.","path":["MI Code","Chapter 449","Act Act-72-of-1917"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-449-21","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"1bcb9b9886b40caea6e0abdef31426f8e312b1bf9e1cb4b0844486f159c42235","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-449.20","next":"us-mi/mich.-comp.-laws-449.22"},"notice":"GroundRules: Original legal text. Not legal advice."}