Sec. 8.
Such association may be dissolved:
First, Whenever the period fixed for the duration of the association expires.
Second, Whenever, by vote of a majority in number and value of interest it shall be so determined, and notice of such winding up shall be given by publication in 2 newspapers published in the proper city or county, at least 4 consecutive weeks; and immediately upon the commencement of said advertising, said association shall cease to carry on its business, except so far as may be required for the beneficial winding up thereof.
History: 1877, Act 191, Eff. Aug. 21, 1877 ;-- How. 2372 ;-- CL 1897, 6086 ;-- CL 1915, 7957 ;-- CL 1929, 9916 ;-- CL 1948, 449.308
Structure Michigan Compiled Laws
Act 191 of 1877 - Partnership Associations (449.301 - 449.316)
Section 449.302 - Partnership Associations; Liability of Members; Labor Debts.
Section 449.303 - Partnership Associations; Limited as Last Word in Name; Effect of Omission.
Section 449.306 - Partnership Associations; Division of Profits, Impairment of Capital.
Section 449.307 - Partnership Associations; Loan of Credit, Name or Capital, Interest.
Section 449.308 - Partnership Associations; Dissolution, Conditions.
Section 449.309 - Partnership Associations; Dissolution, Distribution of Property.
Section 449.311 - Saving Clause.
Section 449.314 - Existing Associations; Articles, Filing; Penalty; Franchise Fee.
Section 449.315 - Existing Associations; Articles, Amendment, Procedure; Evidence.