Public and Local Acts of the Legislature of the State of MichiganW. S. George, 1917 Includes regular, special, adjourned and extra sessions |
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Common terms and phrases
act is ordered act number ACT to amend act to provide Acts of eighteen Acts of nineteen amend section amount application appointed Approved April April 17 articles of association assessment Auditor authorized ballot board of supervisors bonds certificate chapter commission Commissioner of Insurance Compiled Laws corporation county clerk county road commissioners county treasurer court deemed drain commissioner dred duties dwelling eighteen hundred election electors ending June thirty entitled An act filed fiscal year ending four thousand fund hereby amended hereby appropriated Highway Commissioner hundred dollars incorporated inspectors Ionia issued Laws of nineteen license ment Michigan enact nineteen hundred eighteen nineteen hundred fifteen nineteen hundred seventeen notice number one hundred number two hundred paid partnership payment penalty person precinct prescribed Public Acts purpose register of deeds registration repeal take immediate effect thereof thousand dollars thousand five tion treasurer village violation vote
Popular passages
Page 118 - A partnership is an association of two or more persons to carry on as co-owners a business for profit...
Page 126 - A partner becomes in any other way incapable of performing his part of the partnership contract, (c) A partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business, (d) A partner wilfully or persistently commits a breach of the partnership agreement, or otherwise so conducts himself in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with him...
Page 128 - When dissolution is caused in any way, except in contravention of the partnership agreement, each partner, as against his co-partners and all persons claiming through them in respect of their interests in the partnership, unless otherwise agreed, may have the partnership property applied to discharge its liabilities, and the surplus applied to pay in cash the net amount owing to the respective partners.
Page 125 - ... their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or particular undertaking, (d) By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners...
Page 935 - States, and not a member of any tribe, shall be an elector and entitled to vote; but no one shall be an elector or entitled to vote at any election unless he shall be above the age of twenty-one years, and has resided in this State six months and in the township or ward in which he offers to vote, twenty days next preceding such election...
Page 128 - ... of a dissolved partnership, the partners whose obligations have been assumed shall be discharged from any liability to any creditor of the partnership who, knowing of the agreement, consents to a material alteration in the nature or time of payment of such obligations. (4) The individual property of a deceased partner shall be liable for all obligations of the partnership incurred while he was a partner but subject to the prior payment of his separate debts.
Page 130 - When any new partner is admitted into an existing partnership, or when any partner retires and assigns (or the representative of the deceased partner assigns) his rights in partnership property to two or more of the partners, or to one or more of the partners and one or more third persons, if the business is continued without liquidation of the partnership affairs, creditors of the first or dissolved partnership are also creditors of the partnership so continuing the business.
Page 281 - CPA or any other words, letters or figures, to indicate that the person using the same is such certified public accountant.
Page 122 - Any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners; but no act in contravention of any agreement between the partners may be done rightfully without the consent of all the partners.
Page 121 - in an existing partnership, or with one or more persons not actual partners, he is an agent of the persons consenting to such representation to bind them to the same extent and in the same manner as though he were a partner in fact, with respect to persons who rely upon the representation. Where...