(1) 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 ispartnership 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 ofinheritance, passes the entire estate of the grantor unless a contrary intent appears.
Source: L. 31: p. 648, § 8. CSA: C. 123, § 8. CRS 53: § 104-1-8. C.R.S. 1963: § 104-18.