Michigan § 449.36 - Dissolution; effect as to partner's existing liability.
Full text of Michigan Michigan Compiled Laws § 449.36 — Dissolution; effect as to partner's existing liability., with citation guidance and answers to common questions.
§ 449.36. Dissolution; effect as to partner's existing liability.
(Effect of dissolution on partner's existing liability).
The dissolution of the partnership does not discharge the existing liability of any partner.
A partner is discharged from existing liability upon dissolution of the partnership by an agreement to that effect between the partner, the partnership creditor, and the person or partnership continuing the business. An agreement may be inferred from the course of dealing between the creditor having knowledge of the dissolution and the person or partnership continuing the business.
If a person agrees to assume the existing obligations of a dissolved partnership, the partners whose obligations have been assumed shall be discharged from liability to any creditor of the partnership who, knowing of the agreement, consents to a material alteration in the nature or time of payment of the obligations.
Except as provided in section 46, the individual property of a deceased partner shall be liable for those obligations of the partnership incurred while he or she was a partner but subject to the prior payment of his or her separate debts.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 449.36
What does Michigan Compiled Laws § 449.36 cover?
Section 449.36 ("Dissolution; effect as to partner's existing liability.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 449.36?
A common citation format is "Michigan Compiled Laws § 449.36" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 449.36 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.