Michigan § 449.1305 - Rights of limited partner.

Full text of Michigan Michigan Compiled Laws § 449.1305 — Rights of limited partner., with citation guidance and answers to common questions.

§ 449.1305. Rights of limited partner.

Sec. 305.

Each limited partner has the right to:

(1)

Inspect and copy or have his or her designated representative inspect and copy any of the partnership records required to be maintained by section 106.

(2)

Obtain from the general partners, from time to time, upon reasonable demand (i) true and full information regarding the state of the business and financial condition of the limited partnership, (ii) promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year, and (iii) other information regarding the affairs of the limited partnership as is just and reasonable.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 449.1305

What does Michigan Compiled Laws § 449.1305 cover?

Section 449.1305 ("Rights of limited partner.") 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 § 449.1305?

A common citation format is "Michigan Compiled Laws § 449.1305" (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 § 449.1305 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.