Mich. Comp. Laws » Michigan Compiled Laws / Chapter 449 / Act 72 of 1917
Michigan Compiled Laws

Mich. Comp. Laws § 449.17 (2026)

Incoming partner; liability.

✓ current as of July 2026
Find cases: SyfertCases citing this section MI-LEGlegislature.mi.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

UNIFORM PARTNERSHIP ACT


Act 72 of 1917


449.17 Incoming partner; liability.

Sec. 17.

    (Liability of incoming partner). A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.

History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9857 ;-- CL 1948, 449.17

Notes of Decisions
Cited in 1 case, 1987–1987 · leading case: Cent. States, Se. & Sw. Areas Pension Fund v. Skyland Leasing Co., 691 F. Supp. 6 (W.D. Mich. 1987).
Sort: Relevance Newest Treatment
Cent. States, Se. & Sw. Areas Pension Fund v. Skyland Leasing Co., 691 F. Supp. 6 (W.D. Mich. 1987). “In general, absent any limitation in the partnership agreement, partners are personally liable for obligations of the partnership.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.