2016 Kentucky Revised Statutes
CHAPTER 362 - PARTNERSHIPS
.185 Partnership property.

Download as PDF 362.185 Partnership property. (1) (2) (3) (4) All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership, is partnership property. Unless the contrary intention appears, property acquired with partnership funds is partnership property. Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name. 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. Effective: June 26, 2007 History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1954 Ky. Acts ch. 38, sec. 8, effective June 17, 1954.