449.1 Uniform partnership act; short title. Sec. 1. (Name of act). This act may be cited as uniform partnership act. History: 1917, Act 72, Eff. Aug. 10, 1917 ;– CL 1929, 9841 ;– CL 1948, 449.1 Compiler’s Notes: The catchlines in parentheses following the act section numbers of this act were incorporated as part of […]
449.2 Uniform partnership act; definitions. Sec. 2. (Definition of terms). In this act, “court” includes every court and judge having jurisdiction in the case; “business” includes every trade, occupation, or profession; “person” includes individuals, partnerships, corporations, and other associations; “bankrupt” includes bankrupt under the federal bankruptcy act or insolvent under any state insolvent act; “conveyance” […]
449.3 Uniform partnership act; interpretation of knowledge and notice. Sec. 3. (Interpretation of knowledge and notice). (1) A person has knowledge of a fact within the meaning of this act not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith; […]
449.4 Rules of construction. Sec. 4. (Rules of construction). (1) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this act; (2) The law of estoppel shall apply under this act; (3) The law of agency shall apply under this act; (4) This act […]
449.5 Rules for cases not provided for in act. Sec. 5. (Rules for cases not provided for in this act). In any case not provided for in this act the rules of law and equity, including the law merchant, shall govern. History: 1917, Act 72, Eff. Aug. 10, 1917 ;– CL 1929, 9845 ;– CL […]
