Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Michigan · Chapter 449 — Partnerships

449.14 Partnership; effect of partner's breach of trust.

105 words·~1 min read·/mi/chapter-449/449-14

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

449.14 Partnership; effect of partner's breach of trust.
Sec. 14.
(Partnership bound by partner's breach of trust). The partnership is bound to make good the loss:
(a)Where 1 partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
(b)Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.
History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9854 ;-- CL 1948, 449.14
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.