Alaska Statutes
Alaska Stat. § 32.06.204 (2026)
When property is partnership property
✓ current as of July 2026
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Sec. 32.06.204. When property is partnership property.
Article 2. Relations of Partners to Persons Dealing with Partnership.
(a) Property is partnership property if acquired in the name of
(1) the partnership; or
(2) one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership but without an indication of the name of the partnership.
(b) Property is acquired in the name of the partnership by a transfer to
(1) the partnership in its name; or
(2) one or more partners in their capacity as partners in the partnership if the name of the partnership is indicated in the instrument transferring title to the property.
(c) Property is presumed to be partnership property if purchased with partnership assets, even if not acquired in the name of the partnership or of one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership.
(d) Property acquired in the name of one or more of the partners, without an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership and without use of partnership assets, is presumed to be separate property even if used for partnership purposes.
(a) Property is partnership property if acquired in the name of
(1) the partnership; or
(2) one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership but without an indication of the name of the partnership.
(b) Property is acquired in the name of the partnership by a transfer to
(1) the partnership in its name; or
(2) one or more partners in their capacity as partners in the partnership if the name of the partnership is indicated in the instrument transferring title to the property.
(c) Property is presumed to be partnership property if purchased with partnership assets, even if not acquired in the name of the partnership or of one or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership.
(d) Property acquired in the name of one or more of the partners, without an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership and without use of partnership assets, is presumed to be separate property even if used for partnership purposes.
Notes of Decisions
Cited in 3
cases, 2009–2017 · leading case: Beal v. McGuire, 216 P.3d 1154 (Alaska 2009).
Beal v. McGuire, 216 P.3d 1154 (Alaska 2009). “Per AS 32.06.204, property acquired in the name of the partnership is partnership property.”
Recreational Data Servs., Inc. v. Trimble Navigation Ltd., 404 P.3d 120 (Alaska 2017). “See AS 32.06.204 (explaining when property is partnership property); Revised Unir ‘ P’sutp Act § 204 Authors' Comments, cmt, 8 (West 2015-16 ed.”
Beal v. McGuire, 216 P.3d 1148 (Alaska 2009). “Per AS 32.06.204, property acquired in the name of the partnership is partnership prop *1166 erty.”
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