MI SB0841

Partners in a registered limited liability partnership are not personally liable for partnership debts, obligations, or liabilities solely by reason of being a partner, regardless of partnership dissolution.

Partners remain personally liable for their own negligence, wrongful acts, omissions, misconduct, malpractice, and for individuals under their direct supervision and control.

Partners in registered limited liability partnerships cannot be named as defendants in proceedings to recover damages for debts or liabilities for which they are not personally liable under this section.

Failure of a registered limited liability partnership to observe formalities related to its powers or business management does not impose liability on partners for partnership debts or obligations.

Personal liability of partners for debts incurred before the effective date of this act is not affected by these amendments.