Michigan § 449.14 - Partnership; effect of partner's breach of trust.
Full text of Michigan Michigan Compiled Laws § 449.14 — Partnership; effect of partner's breach of trust., with citation guidance and answers to common questions.
§ 449.14. Partnership; effect of partner's breach of trust.
(Partnership bound by partner's breach of trust). The partnership is bound to make good the loss:
Where 1 partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 449.14
What does Michigan Compiled Laws § 449.14 cover?
Section 449.14 ("Partnership; effect of partner's breach of trust.") 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 § 449.14?
A common citation format is "Michigan Compiled Laws § 449.14" (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 § 449.14 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.