Michigan Compiled Laws § 449.26 Partner; Interest In Partnership As Personal Property.

449.26 Partner; interest in partnership as personal property.

Sec. 26.

(Nature of partner's interest in the partnership).

A partner's interest in the partnership is his share of the profits and surplus, and the same is personal property.

History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9866 ;-- CL 1948, 449.26

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Last modified: October 10, 2016