Mich. Comp. Laws § 449.1607
Distribution; limitation.
Michigan · Michigan Compiled Laws — MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (Act 213 of 1982) · Status: effective
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- Mich. Comp. Laws § 449.1607, Distribution; limitation, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363384
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Full text
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.