Michigan Laws > Chapter 259 > Act 17 of 1946 – Federal Surplus Airports and Equipment


§ 259.651	Airports and equipment declared surplus by federal government; acceptance by department of aeronautics

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General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Michigan Laws 449.1101
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Partner: means a limited or general partner. See Michigan Laws 449.1101
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.
Partnership agreement: means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Michigan Laws 449.1101
state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o