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NRS 87.080

Property of partnership

Known as the Uniform Partnership Act

The act spans §§ 87–87 (136 sections).

Applied in 1 court decision — leading case Karadanis v. Sourwine (1989)

Most recently applied in Karadanis v. Sourwine (December 1989)

[8:74:1931; 1931 NCL § 5028.07]

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