Nevada § 87.080 Property of partnership

Nevada Statutes

§ 87.080 — Property of partnership

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 87 Partnerships· Nature of Partnership

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.

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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.

Nevada § 87.080 (Property of partnership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.