Michigan § 449.1604 - Right of withdrawing partner to receive distribution and fair value of partnership interest.
Full text of Michigan Michigan Compiled Laws § 449.1604 — Right of withdrawing partner to receive distribution and fair value of partnership interest., with citation guidance and answers to common questions.
§ 449.1604. Right of withdrawing partner to receive distribution and fair value of partnership interest.
Except as provided in this article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which he or she is entitled under the partnership agreement and, if not otherwise provided in the agreement, the withdrawing partner is entitled to receive, within a reasonable time after withdrawal, the fair value of his or her interest in the limited partnership as of the date of withdrawal, based upon the withdrawing partner's right to share in distributions from the limited partnership.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 449.1604
What does Michigan Compiled Laws § 449.1604 cover?
Section 449.1604 ("Right of withdrawing partner to receive distribution and fair value of partnership interest.") 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 § 449.1604?
A common citation format is "Michigan Compiled Laws § 449.1604" (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 § 449.1604 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.