Mich. Comp. Laws § 449.1403
General partner; rights and powers; restrictions.
Michigan · Michigan Compiled Laws — MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (Act 213 of 1982) · Status: effective
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- Mich. Comp. Laws § 449.1403, General partner; rights and powers; restrictions, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363371
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Full text
(a) Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
(b) Except as provided in this act, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.