Michigan § 449.1301 - Admission of additional limited partners.
Full text of Michigan Michigan Compiled Laws § 449.1301 — Admission of additional limited partners., with citation guidance and answers to common questions.
§ 449.1301. Admission of additional limited partners.
After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:
In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners.
In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 704, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.
In each case under subsection (a), the person acquiring the partnership interest becomes a limited partner only upon amendment of the certificate of limited partnership reflecting that fact.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 449.1301
What does Michigan Compiled Laws § 449.1301 cover?
Section 449.1301 ("Admission of additional limited partners.") 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 § 449.1301?
A common citation format is "Michigan Compiled Laws § 449.1301" (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 § 449.1301 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.