Mich. Comp. Laws » Michigan Compiled Laws / Chapter 449 / Act 72 of 1917
Michigan Compiled Laws

Mich. Comp. Laws § 449.8 (2026)

Partnership property; definition.

✓ current as of July 2026
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UNIFORM PARTNERSHIP ACT


Act 72 of 1917


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.

History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9848 ;-- CL 1948, 449.8

Notes of Decisions
Cited in 4 cases (1 in the last 5 years), 1951–2024 · leading case: Gertz v. Fontecchio, 49 N.W.2d 121 (Mich. 1951).
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Gertz v. Fontecchio, 49 N.W.2d 121 (Mich. 1951). “In this connection see CL 1948, §449.8 (Stat Ann §20.8), and Block v. Schmidt, 296 Mich 610 .”
Kojaian Mgmt. Corp & Affiliates v. Dep't of Treasury (Mich. Ct. App. 2019). “Under MCL 449.8, the original property and all after-acquired property of a partnership is partnership property.”
Fcb Assocs. LLC v. City of Ann Arbor (Mich. Ct. App. 2024). “See MCL 449.8(1) (“All property originally brought into the partnership stock or subsequently acquired, by purchase or otherwise, on account of the partnership is partnership property.”
Jones v. Simmons, 209 N.W.2d 840 (Mich. Ct. App. 1973). “MCLA 449.8(2); MSA 20.8(2). The partners, by naming each other as beneficiaries of the policies, clearly indicated a "contrary intention”.”
— Mich. Comp. Laws § 449.8(1) — 1 case
Fcb Assocs. LLC v. City of Ann Arbor (Mich. Ct. App. 2024). “See MCL 449.8(1) (“All property originally brought into the partnership stock or subsequently acquired, by purchase or otherwise, on account of the partnership is partnership property.”
— Mich. Comp. Laws § 449.8(2) — 1 case
Jones v. Simmons, 209 N.W.2d 840 (Mich. Ct. App. 1973). “MCLA 449.8(2); MSA 20.8(2). The partners, by naming each other as beneficiaries of the policies, clearly indicated a "contrary intention”.”
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