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Terms Used In Michigan Laws 449.1908

  • 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.
  • State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See Michigan Laws 449.1101
     The department of attorney general may bring an action to restrain a foreign limited partnership from transacting business in this state in violation of this article.