Indiana Statutes
§ 23-4-1-8 — Partnership property
(1)All property originally brought into the
partnership stock or subsequently acquired by purchase or otherwise,
on account of the partnership, is partnership property.
(2)Unless the contrary intention appears, property acquired with
partnership funds is partnership property.
(3)Any estate in real property may be acquired in the partnership
name. Title so acquired can be conveyed only in the partnership name.
(4)A conveyance to a partnership in the partnership name, though
without words of inheritance, passes the entire estate of the grantor
unless a contrary intent appears.
Formerly: Acts 1949, c.114, s.8.
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Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"