Michigan Compiled Laws 213-1982-6 Article 6 (449.1601...449.1608)

• Section 449.1601 Right Of Partner To Receive Distributions Before Partner's Withdrawal From Partnership And Before Dissolution And Winding Up Of Partnership.
  Except as provided in this article, a partner is entitled to receive distributions from a limited partnership before the partner's withdrawal from the limited...
• Section 449.1602 Right Of General Partner To Withdraw; Recovery By Limited Partner For Breach Of Partnership Agreement.
  A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal...
• Section 449.1603 Right Of Limited Partner To Withdraw.
  A limited partner may withdraw from a limited partnership at the time or upon the happening of events specified in the certificate of limited...
• Section 449.1604 Right Of Withdrawing Partner To Receive Distribution And Fair Value Of Partnership Interest.
  Except as provided in this article, upon withdrawal any withdrawing partner is entitled to receive any distribution to which he or she is entitled...
• Section 449.1605 Distribution In Cash Or In Kind.
  Except as provided in the certificate of limited partnership, a limited partner, and except as provided in the partnership agreement, a general partner, regardless...
• Section 449.1606 Status And Remedies Of Partner As Creditor With Respect To Distribution.
  At the time a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available...
• Section 449.1607 Distribution; Limitation.
  A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of...
• Section 449.1608 Limited Partner; Liability Following Return Of Contribution.
  (a) If a limited partner has received the return of any part of his or her contribution without violation of the partnership agreement or...

Last modified: October 10, 2016