There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 449 - PARTNERSHIPS
Act 181 of 1859 - PARTNERS AND JOINT DEBTORS; SETTLEMENTS OR COMPROMISES WITH CREDITORS (449.151 - 449.155)
PARTNERS AND JOINT DEBTORS; SETTLEMENTS OR COMPROMISES WITH CREDITORSAct 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
- Section 449.151 - Copartnerships; settlements with creditors; discharge of partner not party.
- Section 449.152 - Settlements with creditors; written discharge by creditors, bar to recovery.
- Section 449.153 - Settlements with creditors; rights against undischarged partners not impaired; right to set off and defense.
- Section 449.154 - Settlements with creditors; contribution between partners.
- Section 449.155 - Extension of act to joint debtors.
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