§ 17-21-204 — When property is partnership property

(a) Property is partnership property if acquired:
(i) In the name of the partnership; or
(ii) In the name of one (1) 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.
(b) Property is acquired in the name of the partnership by
a transfer to:
(i) The partnership in its name; or
(ii) One (1) 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.
(c) 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 (1) 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.
(d) Property acquired in the name of one (1) 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.