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General partner; rights and powers; restrictions.

MCL 449.1403
in effect
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449.1403. General partner; rights and powers; restrictions. Sec. 403. (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. 1982, Act 213, Eff. Jan. 1, 1983; Am. 1986, Act 100, Eff. July 1, 1986
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-449-1403Fetched: 10/20/2026

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