South Carolina § 33-41-230 Partnership property; acquisition and conveyance.

South Carolina Statutes

§ 33-41-230 — Partnership property; acquisition and conveyance.

South Carolina § 33-41-230

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 41UNIFORM PARTNERSHIP ACT

This text of South Carolina § 33-41-230 (Partnership property; acquisition and conveyance.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-41-230 (2026).

Text

(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.