Charging Partnership Interest With Payment of Unsatisfied Amount of Judgment; Rights of Judgment Creditor; Exemptions - Mich. Comp. Laws Section 449.1703
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Michigan Laws > Partnerships > Charging Partnership Interest With Payment of Unsatisfied Amount of Judgment; Rights of Judgment Creditor; Exemptions - Mich. Comp. Laws Section 449.1703
449.1703 Charging partnership interest with payment of unsatisfied amount of judgment; rights of judgment creditor; exemptions.
Sec. 703.
Upon application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This act does not deprive any partner of the benefit of any exemptions provided by law applicable to his or her partnership interest.
History: 1982, Act 213, Eff. Jan. 1, 1983
Section: 449.1604 449.1605 449.1606 449.1607 449.1608 449.1701 449.1702 449.1703 449.1704 449.1705 449.1801 449.1802 449.1803 449.1804 449.1805
Last modified: March 17, 2013
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