2006 Michigan Compiled Laws - Act 181 of 1859


PARTNERS AND JOINT DEBTORS; SETTLEMENTS OR COMPROMISES WITH CREDITORS

Act 181 of 1859

AN ACT to provide for settlement and compromises by partners and joint debtors with their creditor or creditors.


History: 1859, Act 181, Eff. May 18, 1859




The People of the State of Michigan enact:

DocumentDescription
Section 449.151Copartnerships; settlements with creditors; discharge of partner not party.
Section 449.152Settlements with creditors; written discharge by creditors, bar to recovery.
Section 449.153Settlements with creditors; rights against undischarged partners not impaired; right to set off and defense.
Section 449.154Settlements with creditors; contribution between partners.
Section 449.155Extension of act to joint debtors.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.