Sec. 8. (Partnership property). (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.
Mich. Comp. Laws § 449.8
Partnership property; definition
Applied in 2 court decisions — leading case Staszak v. Romanik (1982)
Most recently applied in Staszak v. Romanik (October 1982)
1917, Act 72, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.