Sec. 26.
(Nature of partner's interest in the partnership).
A partner's interest in the partnership is his share of the profits and surplus, and the same is personal property.
History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9866 ;-- CL 1948, 449.26
Structure Michigan Compiled Laws
Act 72 of 1917 - Uniform Partnership Act (449.1 - 449.48)
72-1917-V - Part V Property Rights of a Partner. (449.24...449.28)
Section 449.24 - Partner; Extent of Property Rights.
Section 449.25 - Partner; Rights in Specific Partnership Property.
Section 449.26 - Partner; Interest in Partnership as Personal Property.
Section 449.27 - Partner's Interest; Assignment, Effect.
Section 449.28 - Partner's Interest; Subject to Charging Order.