Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, April 9, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


Updated website coming soon!

Michigan Legislature

Main Content

Act 181 of 1859
Search within this Statute for


PARTNERS AND JOINT DEBTORS; SETTLEMENTS OR COMPROMISES WITH CREDITORS

Act 181 of 1859

AN ACT to provide for settlement and compromises by partners and joint debtors with their creditor or creditors.


History: 1859, Act 181, Eff. May 18, 1859




The People of the State of Michigan enact:

DocumentTypeDescription
Section 449.151SectionCopartnerships; settlements with creditors; discharge of partner not party.
Section 449.152SectionSettlements with creditors; written discharge by creditors, bar to recovery.
Section 449.153SectionSettlements with creditors; rights against undischarged partners not impaired; right to set off and defense.
Section 449.154SectionSettlements with creditors; contribution between partners.
Section 449.155SectionExtension of act to joint debtors.
up icon