Michigan Laws 449.20 – Partner; duty to render information
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 449.20
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(Duty of partners to render information). Partners shall render on demand true and full information of all things affecting the partnership to any partner or the legal representative of any deceased partner or partner under legal disability.