Michigan Laws 449.19 – Partnership books; location, accessibility
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 449.19
- 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 books). The partnership books shall be kept, subject to any agreement between the partners, at the principal place of business of the partnership, and every partner shall at all times have access to and may inspect and copy any of them.