Michigan § 449.15 - Partners; joint and severable liability.
Full text of Michigan Michigan Compiled Laws § 449.15 — Partners; joint and severable liability., with citation guidance and answers to common questions.
§ 449.15. Partners; joint and severable liability.
(Nature of partner's liability). Except as otherwise provided by section 46, all partners are liable for both of the following:
Jointly and severally for everything chargeable to the partnership under sections 13 and 14.
Jointly for all other debts and obligations of the partnership. However, a partner may enter into a separate obligation to perform a partnership contract.
Frequently Asked Questions About Michigan § 449.15
What does Michigan Compiled Laws § 449.15 cover?
Section 449.15 ("Partners; joint and severable 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 § 449.15?
A common citation format is "Michigan Compiled Laws § 449.15" (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 § 449.15 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.