MCL - Index of Act 213 of 1982
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 213 of 1982 | MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (449.1101 - 449.2108) |
| 213-1982-1 | ARTICLE 1 (449.1101...449.1109) |
| Section 449.1101 | Definitions. |
| Section 449.1102 | Name of limited partnership; requirements and restrictions. |
| Section 449.1103 | Name of limited partnership; reservation of exclusive right to use; application; time period; expiration; extension; transfer of right. |
| Section 449.1104 | Transacting business under assumed name; certificate. |
| Section 449.1105 | Maintenance of office and agent for service of process; resignation of agent; appointment of successor. |
| Section 449.1106 | Records required to be kept at office; inspection and copying by partner or representative. |
| Section 449.1107 | Business which may be carried on. |
| Section 449.1108 | Loans by partner and other transactions with limited partnership; rights and obligations. |
| Section 449.1109 | Agreement to pay interest in excess of legal rate; defense of usury prohibited. |
| 213-1982-2 | ARTICLE 2 (449.1201...449.1210) |
| Section 449.1201 | Formation; certificate of limited partnership; contents; date of formation. |
| Section 449.1202 | Certificate of limited partnership; amendment; contents of certificate of amendment; events necessitating amendment; liability; restated certificate of limited partnership; effective date of amendment. |
| Section 449.1203 | Certificate of limited partnership; cancellation; contents of certificate of cancellation; effective date of cancellation. |
| Section 449.1204 | Manner of executing certificates. |
| Section 449.1205 | Failure to execute certificate; circuit court proceedings; court-ordered certificate; assessment of court costs and attorney fees; effective date of court-ordered amendment or cancellation. |
| Section 449.1206 | Documents; filing; submission; delivery; endorsement; return of copy or original; public inspection; records or files; effective date of documents; forms; fees. |
| Section 449.1207 | False statements in certificate; recovery of damages. |
| Section 449.1208 | Certificate on file as notice of matters included therein. |
| Section 449.1209 | Delivery of copy of certificate to limited partners upon return of certificate by administrator. |
| Section 449.1210 | Merger or consolidation of domestic limited partnerships; plan of merger or consolidation; certificate; applicable provisions; abandonment; merger or consolidation of domestic limited partnership with foreign limited partnership; surviving or new limited partnership; “business organization” and “entity” defined; merger or consolidation of domestic limited partnership with business organization. |
| 213-1982-3 | ARTICLE 3 (449.1301...449.1305) |
| Section 449.1301 | Admission of additional limited partners. |
| Section 449.1302 | Voting rights of limited partners. |
| Section 449.1303 | Liability of limited partner for obligations of limited partnership. |
| Section 449.1304 | Liability of person erroneously but in good faith believing he or she is limited partner. |
| Section 449.1305 | Rights of limited partner. |
| 213-1982-4 | ARTICLE 4 (449.1401...449.1405) |
| Section 449.1401 | Admission of additional general partners. |
| Section 449.1402 | Events causing cessation as general partner. |
| Section 449.1403 | General partner; rights and powers; restrictions. |
| Section 449.1404 | General partner; right to contribute to partnership and share in profits and losses as general or limited partner; rights, powers, restrictions, and liabilities of one person as both general and limited partner. |
| Section 449.1405 | Voting rights of general partners. |
| 213-1982-5 | ARTICLE 5 (449.1501...449.1504) |
| Section 449.1501 | Contribution of partner, form. |
| Section 449.1502 | Obligation of limited partner to contribute; obligation upon failure to contribute; compromise of obligation; creditor enforcement of original obligation; obligation of general partner to contribute. |
| Section 449.1503 | Allocation of profits and losses among partners; determining value of contributions. |
| Section 449.1504 | Allocation of cash and other assets among partners; determining value of contributions. |
| 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. |
| Section 449.1602 | Right of general partner to withdraw; recovery by limited partner for breach of partnership agreement. |
| Section 449.1603 | Right of limited partner to withdraw. |
| Section 449.1604 | Right of withdrawing partner to receive distribution and fair value of partnership interest. |
| Section 449.1605 | Distribution in cash or in kind. |
| Section 449.1606 | Status and remedies of partner as creditor with respect to distribution. |
| Section 449.1607 | Distribution; limitation. |
| Section 449.1608 | Limited partner; liability following return of contribution. |
| 213-1982-7 | ARTICLE 7 (449.1701...449.1705) |
| Section 449.1701 | Partnership interest as personal property. |
| Section 449.1702 | Partnership interest; assignment; effect. |
| Section 449.1703 | Charging partnership interest with payment of unsatisfied amount of judgment; rights of judgment creditor; exemptions. |
| Section 449.1704 | Assignee; right to become limited partner; rights, powers, restrictions, and liabilities of assignee who becomes limited partner. |
| Section 449.1705 | Effect of death or adjudication of disability of individual partner; non-individual partner; effect of dissolution or termination of corporation, trust, or other entity as partner. |
| 213-1982-8 | ARTICLE 8 (449.1801...449.1805) |
| Section 449.1801 | Dissolution of limited partnership. |
| Section 449.1802 | Court-ordered dissolution on application by or for partner; grounds; other relief; forwarding order of dissolution to administrator. |
| Section 449.1803 | Action by attorney general for dissolution; grounds; other actions. |
| Section 449.1804 | Authority to wind up limited partnership's affairs. |
| Section 449.1805 | Distribution of assets upon winding up. |
| 213-1982-9 | ARTICLE 9 (449.1901...449.1910) |
| Section 449.1901 | Foreign limited partnership; governing laws; effect of difference between laws on registration. |
| Section 449.1902 | Registration required; application. |
| Section 449.1903 | Certificate of registration; issuance; return to applicant. |
| Section 449.1904 | Registration of name. |
| Section 449.1905 | Correction of false or inaccurate statements in application for registration. |
| Section 449.1906 | Cancellation of registration; effect. |
| Section 449.1907 | Maintaining court action in state before registration prohibited; effect of transacting business in state without registration. |
| Section 449.1908 | Action to restrain foreign limited partnership from transacting business in state. |
| Section 449.1909 | Activities not considered to be transacting business in state. |
| Section 449.1910 | Making or participating in certain loans without registering in state. |
| 213-1982-10 | ARTICLE 10 (449.2001...449.2005) |
| Section 449.2001 | Limited partner; right to bring action to recover judgment. |
| Section 449.2002 | Status of plaintiff in derivative action. |
| Section 449.2003 | Complaint in derivative action; contents. |
| Section 449.2004 | Discontinuance, compromise, or settlement of derivative action; court approval; notice; costs. |
| Section 449.2005 | Awarding expenses to plaintiff in successful derivative action; remittance to limited partnership of remainder of proceeds; exception; action brought without reasonable cause; payment of defendants' expenses by plaintiff. |
| 213-1982-11 | ARTICLE 11 (449.2101...449.2108) |
| Section 449.2101 | Application and construction of act. |
| Section 449.2102 | Short title. |
| Section 449.2103 | Severability. |
| Section 449.2104 | Effective date; repeal of MCL 449.201 to 449.231. |
| Section 449.2105 | Effect of act on existing limited partnerships. |
| Section 449.2106 | Case not provided for in act governed by MCL 449.1 to 449.43. |
| Section 449.2107 | Fee schedule; payment; other charges; deposit and use of fees. |
| Section 449.2108 | Effective date. |