Maine § 31 §1024 When property is partnership property

Maine Statutes

§ 31 §1024 — When property is partnership property

Maine § 31 §1024

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 17UNIFORM PARTNERSHIP ACT

This text of Maine § 31 §1024 (When property is partnership property) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 31, § 31 §1024 (2026).

Text

1.Partnership property. Property is partnership property if acquired in the name of:

2.Property acquired by partnership. Property is acquired in the name of the partnership by a transfer to:

3.Presumed to be partnership property. Property is presumed to be partnership property if purchased with partnership assets, even if not acquired in the name of the partnership or of one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership.

4.Presumed to be separate property. Property acquired in the name of one or more of the partners, without an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership and w

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1.
Partnership property.
Property is partnership property if acquired in the name of:
2.
Property acquired by partnership.
Property is acquired in the name of the partnership by a transfer to:
3.
Presumed to be partnership property.
Property is presumed to be partnership property if purchased with partnership assets, even if not acquired in the name of the partnership or of one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership.
4.
Presumed to be separate property.
Property acquired in the name of one or more of the partners, without an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership and without use of partnership assets, is presumed to be separate property, even if used for partnership purposes.