South Carolina § 33-41-720 - Nature of right in specific partnership property.
Full text of South Carolina South Carolina Code of Laws § 33-41-720 — Nature of right in specific partnership property., with citation guidance and answers to common questions.
§ 33-41-720. Nature of right in specific partnership property.
(1) A partner is a co-owner with his partners of specific partnership property, holding as a tenant in partnership.
(2) The incidents of his tenancy are such that
(a) a partner, subject to the provisions of this chapter and to any agreement between the partners, has an equal right with his partners to possess specific partnership property for partnership purposes but he has no right to possess such property for any other purpose without the consent of his partners,
(b) a partner's right in specific partnership property is not assignable except in connection with the assignment of rights of all the partners in the same property,
(c) a partner's right in specific partnership property is not subject to attachment or execution, except on a claim against the partnership and when partnership property is attached for a partnership debt the partners, or any of them, or the representatives of a deceased partner, cannot claim any right under the homestead or exemption laws,
(d) on the death of a partner his right in specific partnership property vests in the surviving partner or partners, except when the deceased was the last surviving partner in which case his right in such property vests in his legal representative; but such surviving partner or partners, or the legal representative of the last surviving partner, has no right to possess the partnership property for any but a partnership purpose and
(e) a partner's right in specific partnership property is not subject to dower, curtesy or allowances to widows, heirs or next of kin.
HISTORY: 1962 Code SECTION 52-52; 1952 Code SECTION 52-52; 1950 (46) 1841.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-41-720
What does South Carolina Code of Laws § 33-41-720 cover?
Section 33-41-720 ("Nature of right in specific partnership property.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. 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 South Carolina § 33-41-720?
A common citation format is "South Carolina Code of Laws § 33-41-720" (South Carolina). 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 South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 33-41-720 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina 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 South Carolina.