Michigan § 449.34 - Dissolution; liability of partner.
Full text of Michigan Michigan Compiled Laws § 449.34 — Dissolution; liability of partner., with citation guidance and answers to common questions.
§ 449.34. Dissolution; liability of partner.
(Right of partner to contribution from copartners after dissolution). Except as otherwise provided by section 46, if dissolution is caused by the act, death, or bankruptcy of a partner, each partner is liable to his or her copartners for his or her share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless this dissolution is caused by 1 of the following:
The dissolution being by act of any partner and the partner acting for the partnership had knowledge of the dissolution.
The dissolution being by the death or bankruptcy of a partner and the partner acting for the partnership had knowledge or notice of the death or bankruptcy.
Frequently Asked Questions About Michigan § 449.34
What does Michigan Compiled Laws § 449.34 cover?
Section 449.34 ("Dissolution; liability of partner.") 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 § 449.34?
A common citation format is "Michigan Compiled Laws § 449.34" (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 § 449.34 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.