2015 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 83 - General Partnerships
Section 8313 - Partnership property
§ 8313. Partnership property.
(a) General rule.--All property originally brought into the partnership stock or subsequently acquired, by purchase or otherwise, on account of the partnership is partnership property.
(b) Acquisition with partnership funds.--Unless the contrary intention appears, property acquired with partnership funds is partnership property.
(c) Property in partnership name.--Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name.
(d) Extent of interest acquired.--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.
Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
