Michigan § 449.8 - Partnership property; definition.

Full text of Michigan Michigan Compiled Laws § 449.8 — Partnership property; definition., with citation guidance and answers to common questions.

§ 449.8. Partnership property; definition.

Sec. 8.

(Partnership property).

(1)

All property originally brought into the partnership stock or subsequently acquired, by purchase or otherwise, on account of the partnership is partnership property;

(2)

Unless the contrary intention appears, property acquired with partnership funds is partnership property;

(3)

Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name;

(4)

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.

Frequently Asked Questions About Michigan § 449.8

What does Michigan Compiled Laws § 449.8 cover?

Section 449.8 ("Partnership property; definition.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Michigan § 449.8?

A common citation format is "Michigan Compiled Laws § 449.8" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Michigan law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.

How does Michigan § 449.8 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.