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Partners; joint and severable liability.

MCL 449.15
in effect
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449.15. Partners; joint and severable liability. Sec. 15. (Nature of partner's liability). Except as otherwise provided by section 46, all partners are liable for both of the following: (a) Jointly and severally for everything chargeable to the partnership under sections 13 and 14. (b) Jointly for all other debts and obligations of the partnership. However, a partner may enter into a separate obligation to perform a partnership contract. 1917, Act 72, Eff. Aug. 10, 1917; CL 1929, 9855; CL 1948, 449.15; Am. 1994, Act 323, Imd. Eff. Oct. 12, 1994
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-449-15Fetched: 10/20/2026

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