Michigan § 449.31 - Dissolution; causes.
Full text of Michigan Michigan Compiled Laws § 449.31 — Dissolution; causes., with citation guidance and answers to common questions.
§ 449.31. Dissolution; causes.
(Causes of dissolution). Dissolution is caused:
Without violation of the agreement between the partners:
By the termination of the definite term or particular undertaking specified in the agreement,
By the express will of any partner when no definite term or particular undertaking is specified,
By the express will of all the partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or particular undertaking,
By the expulsion of any partner from the business bona fide in accordance with such power conferred by the agreement between the partners;
In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time;
By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership;
By the death of any partner;
By the bankruptcy of any partner or the partnership;
By decree of court under section 32.
Frequently Asked Questions About Michigan § 449.31
What does Michigan Compiled Laws § 449.31 cover?
Section 449.31 ("Dissolution; causes.") 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 § 449.31?
A common citation format is "Michigan Compiled Laws § 449.31" (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 § 449.31 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.