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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

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.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.