Sec. 12.
(Partnership charged with knowledge of or notice to partner). Notice to any partner of any matter relating to partnership affairs, and the knowledge of the partner acting in the particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably could and should have communicated it to the acting partner, operate as notice to or knowledge of the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.
History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9852 ;-- CL 1948, 449.12
Structure Michigan Compiled Laws
Act 72 of 1917 - Uniform Partnership Act (449.1 - 449.48)
Section 449.9 - Partner as Agent of Partnership Relative to Partnership Business.
Section 449.10 - Real Property of Partnership; Conveyance of Title.
Section 449.11 - Partnership; Effect of Admission of Partner.
Section 449.12 - Partnership; Effect of Knowledge of or Notice to Partner.
Section 449.13 - Partnership; Liability for Wrongful Acts of Partner.
Section 449.14 - Partnership; Effect of Partner's Breach of Trust.
Section 449.15 - Partners; Joint and Severable Liability.