{"data":{"id":"us-mi/mich.-comp.-laws-449.307","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 449.307","heading":"Partnership associations; loan of credit, name or capital, interest.","body":"Sec. 7.\n\nIt shall not be lawful for such association to loan its credit, its name, or its capital to any member of said association, and for such loan to any other person or association, the consent in writing of a majority in number and value of interest shall be requisite, and in no case shall the credit of the association be loaned except the regular business of the association is to be directly benefitted thereby.","path":["MI Code","Chapter 449","Act Act-191-of-1877"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-449-307","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"503fd6b4232feaabd5bf2e190a31aaf7348bfe0bd4ea3890a7b9ebc7866e72b4","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-449.306","next":"us-mi/mich.-comp.-laws-449.308"},"notice":"GroundRules: Original legal text. Not legal advice."}