(e) Effect of conveyance by all partners. Interest of the partnership if the act is one within theĪuthority of the partner under the provisions of section Partnership name or in his own name passes the equitable The partnership, a conveyance executed by a partner in the Or more or all the partners, or in a third person in trust for Owner.-Where the title to real property is in the name of one (d) Equitable ownership where partnership is not record Provisions of section 8321(a) unless the purchaser or hisĪssignee is a holder for value, without knowledge. The act of the partners does not bind the partnership under the The property, but the partnership may recover the property if The partners in whose name the title stands may convey title to Property is in the name of one or more but not all the partnersĪnd the record does not disclose the right of the partnership, (c) Conveyance by record owners.-Where title to real The authority of the partner under the provisions of section Where title to real property is in the name of the partnership,Ī conveyance executed by a partner in his own name passes theĮquitable interest of the partnership if the act is one within (b) Equitable ownership where partnership is record owner. The conveyance, has exceeded his authority. Holder for value without knowledge that the partner, in making Partnership business) or unless the property has been conveyedīy the grantee or a person claiming through the grantee to a ![]() Partner binds the partnership under the provisions of sectionĨ321(a) (relating to partner agent of partnership as to Partnership may recover the property unless the act of the Partnership name, any partner may convey title to the propertyīy a conveyance executed in the partnership name, but the (a) General rule.-Where title to real property is in the Sole Ownership: Probate Required If the property was owned in the deceased person's name alone (and there is no living trust or transfer-on-death deed, as discussed above), the property will probably have to go through the probate process to be transferred to whomever inherits it. Conveyance of real property of the partnership. Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONSĨ322 - Conveyance of real property of the partnership. View our newest version here 2010 Pennsylvania Code
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