Section 6

Act 38 of 1917, § 6, under CORPORATIONS - DEFINING LIABILITIES OF CERTAIN PARTNERS.

Act 38 of 1917, § 6

Section 6. Any partnership formed under the provisions of the act to which this act is an amendment, prior to the adoption of this act, wherein the liability of one or more but not all the partners is limited to the amount subscribed by such partner or partners, respectively, shall continue to be governed by the provisions of such act, as if this amendment had not been adopted, except that such partnership shall not be renewed unless so provided in the original agreement, or, if the partners so desire, such partnership may become a limited partnership under the Uniform Limited Partnership Act by complying with the provisions of sections two and thirty of said act.