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Mich. Comp. Laws § 449.1305

Rights of limited partner

Applied in 2 court decisions — leading case People of Michigan v. William Little (2016)

Most recently applied in People of Michigan v. William Little (June 2016)

1982, Act 213, Eff

Sec. 305. Each limited partner has the right to: (1) Inspect and copy or have his or her designated representative inspect and copy any of the partnership records required to be maintained by section 106. (2) Obtain from the general partners, from time to time, upon reasonable demand (i) true and full information regarding the state of the business and financial condition of the limited partnership, (ii) promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year, and (iii) other information regarding the affairs of the limited partnership as is just and reasonable.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.