449.26 Partner; interest in partnership as personal property. 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
Michigan Legal Code