Michigan Compiled Laws § 449.1606 Status And Remedies Of Partner As Creditor With Respect To Distribution.

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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Last modified: October 10, 2016