Sec. 15.
(Nature of partner's liability). Except as otherwise provided by section 46, all partners are liable for both of the following:
(a) Jointly and severally for everything chargeable to the partnership under sections 13 and 14.
(b) Jointly for all other debts and obligations of the partnership. However, a partner may enter into a separate obligation to perform a partnership contract.
History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9855 ;-- CL 1948, 449.15 ;-- Am. 1994, Act 323, Imd. Eff. Oct. 12, 1994
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.