Michigan § 449.1601 - Right of partner to receive distributions before partner's withdrawal from partnership and before dissolution and winding up of partnership.
Full text of Michigan Michigan Compiled Laws § 449.1601 — Right of partner to receive distributions before partner's withdrawal from partnership and before dissolution and winding up of partnership., with citation guidance and answers to common questions.
§ 449.1601. Right of partner to receive distributions before partner's withdrawal from partnership and before dissolution and winding up of partnership.
Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before the partner's withdrawal from the limited partnership and before the dissolution and winding up of the limited partnership:
To the extent and at the times or upon the happening of the events specified in the partnership agreement.
If any distribution to a limited partner constitutes a return of any part of the limited partner's contribution under section 608(c), to the extent and at the times or upon the happening of the events specified in the certificate of limited partnership.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 449.1601
What does Michigan Compiled Laws § 449.1601 cover?
Section 449.1601 ("Right of partner to receive distributions before partner's withdrawal from partnership and before dissolution and winding up of partnership.") 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 § 449.1601?
A common citation format is "Michigan Compiled Laws § 449.1601" (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 § 449.1601 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.