2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 83 - General Partnerships
8322 - Conveyance of real property of the partnership.

     § 8322.  Conveyance of real property of the partnership.
        (a)  General rule.--Where title to real property is in the
     partnership name, any partner may convey title to the property
     by a conveyance executed in the partnership name, but the
     partnership may recover the property unless the act of the
     partner binds the partnership under the provisions of section
     8321(a) (relating to partner agent of partnership as to
     partnership business) or unless the property has been conveyed
     by the grantee or a person claiming through the grantee to a
     holder for value without knowledge that the partner, in making
     the conveyance, has exceeded his authority.
        (b)  Equitable ownership where partnership is record owner.--
     Where title to real property is in the name of the partnership,
     a conveyance executed by a partner in his own name passes the
     equitable interest of the partnership if the act is one within
     the authority of the partner under the provisions of section
     8321(a).
        (c)  Conveyance by record owners.--Where title to real
     property is in the name of one or more but not all the partners
     and the record does not disclose the right of the partnership,
     the partners in whose name the title stands may convey title to
     the property, but the partnership may recover the property if
     the act of the partners does not bind the partnership under the
     provisions of section 8321(a) unless the purchaser or his
     assignee is a holder for value, without knowledge.
        (d)  Equitable ownership where partnership is not record
     owner.--Where the title to real property is in the name of one
     or more or all the partners, or in a third person in trust for
     the partnership, a conveyance executed by a partner in the
     partnership name or in his own name passes the equitable
     interest of the partnership if the act is one within the
     authority of the partner under the provisions of section
     8321(a).
        (e)  Effect of conveyance by all partners.--Where the title
     to real property is in the names of all the partners, a
     conveyance executed by all the partners passes all their rights
     in the property.