North Dakota § 45-14-04 (204) When property is partnership property

North Dakota Statutes

§ 45-14-04 — (204) When property is partnership property

North Dakota § 45-14-04

Title 45Partnerships

Ch. 45-14Nature of Partnership

This text of North Dakota § 45-14-04 ((204) When property is partnership property) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 45-14-04 (2026).

Text

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

a.The partnership; or

b.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 but without an indication of the name of the partnership.

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

a.The partnership in its name; or

b.One or more partners in their capacity as partners in the partnership, if the name of the partnership is indicated in the instrument transferring title to the property.

3.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

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1. Property is partnership property if acquired in the name of:
a. The partnership; or
b. 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
but without an indication of the name of the partnership.
2. Property is acquired in the name of the partnership by a transfer to:
a. The partnership in its name; or
b. One or more partners in their capacity as partners in the partnership, if the name
of the partnership is indicated in the instrument transferring title to the property.
3. 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. 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.