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.
Mich. Comp. Laws § 449.12
Partnership; effect of knowledge of or notice to partner
Applied in 3 court decisions — leading case In Re Anthony Steven Brown (2003)
Most recently applied in In Re Anthony Steven Brown (September 2003)
1917, Act 72, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.