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Mo. Rev. Stat. § 358.080

Partnership property

Known as the Uniform Partnership Law

The act spans §§ 358–358 (55 sections).

Applied in 1 court decision — leading case Sealey Bros. v. Farmers Home Administration (In Re Sealey Bros.) (1993)

Most recently applied in Sealey Bros. v. Farmers Home Administration (In Re Sealey Bros.) (August 1993)

Effective: 28 Aug 1949; (L. 1949 p. 506 § 8)

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: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.