358.080. Partnership property.
Partnership property.
358.080. 1. All property originally brought into thepartnership stock or subsequently acquired by purchase orotherwise, on account of the partnership is partnership property.
2. Unless the contrary intention appears, property acquiredwith partnership funds is partnership property.
3. Any estate in real property may be acquired in thepartnership name. Title so acquired can be conveyed only in thepartnership name.
4. A conveyance to a partnership in the partnership name,though without words of inheritance, passes the entire estate ofthe grantor unless a contrary intent appears.
(L. 1949 p. 506 § 8)