Sec. 5. The provisions of this act shall extend to joint debtors in the same manner as it now extends to copartners and such joint debtors are hereby authorized individually to settle or compromise and be discharged from their joint indebtedness in the same manner as is herein provided for the settlement and compromise of copartners.
Mich. Comp. Laws § 449.155
Extension of act to joint debtors
Applied in 1 court decision — leading case 56 Mich. App. 704 - Krevsky v. Naccarato (1974)
Most recently applied in 56 Mich. App. 704 - Krevsky v. Naccarato (November 1974)
1859, Act 181, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.