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Code · Michigan · Chapter 449 — Partnerships

449.1606 Status and remedies of partner as creditor with respect to distribution.

58 words·~1 min read·/mi/chapter-449/449-1606

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449.1606 Status and remedies of partner as creditor with respect to distribution.
Sec. 606.
At the time a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
History: 1982, Act 213, Eff. Jan. 1, 1983
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