2000 Minnesota Statutes

     323.07 Partnership property.  

    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.  

    HIST: (7391) 1921 c 487 s 8 

*   NOTE:  This section is repealed by Laws 1997, chapter 174, 
*article 12, section 68, as amended by Laws 1998, chapter 262, 
*section 12, effective January 1, 2002.