Minnesota Statutes

Minn. Stat. § 323.07 (2026)

[Repealed]

✓ current as of May 2026

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[Repealed, 1997 c 174 art 12 s 68; 1998 c 262 s 12]

Notes of Decisions

Cited in 8 cases, 1945–2017 · leading case: Faegre & Benson, LLP v. R & R INVESTORS, 772 N.W.2d 846 (Minn. Ct. App. 2009).

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Faegre & Benson, LLP v. R & R INVESTORS, 772 N.W.2d 846 (Minn. Ct. App. 2009). · cites it 2× “Minn. Stat. §§ 323.07 , 323.24 (1996). At common law, partnership property was held in joint *855 tenancy by the partners and thus could at least theoretically be disposed of by any individual partner and reached by any individual partner’s creditors.”

3M Co. v. Nat'l Union Fire Ins. Co. of Pittsburgh, 858 F.3d 561 (8th Cir. 2017). “Further, 3M claims it satisfies the ownership requirement because it “had ERISA fiduciary duties regarding the earnings such that the earnings were ‘property,’ and property ‘as respects [to] which [3M] is legally liable’ under Endorsement 8.”

In Re Schyma, 68 B.R. 52 (Bankr. D. Minn. 1985). “§ 323.07 provides in pertinent part: All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership, is partnership property.”

Kavalaris v. Cordalis, 18 N.W.2d 137 (Minn. 1945). · cites it 2× “” Section 323.07 (§ 7391) defines partnership property as follows: “Unless the contrary intention appears, property acquired with partnership funds is partnership property.”

Stacker & Ravich v. Simon, 411 N.W.2d 217 (Minn. Ct. App. 1987). · cites it 2× “SR-2’s UPA analysis relies on Minn.Stat. § 323.07 for the proposition that the pending cases are partnership assets.”

Sit v. T & M Props., 408 N.W.2d 182 (Minn. Ct. App. 1987). · cites it 2× “Minn.Stat. § 323.07 (1986) (partnership property when purchased with partnership funds).”

Spearman v. Spearman, 408 N.W.2d 689 (Minn. Ct. App. 1987). · cites it 2× “Minn.Stat. § 323.07 (1984). The statute defines an individual partner’s “interest in the partnership” as the partner’s “share of the profits and surplus, and the same is personal property.”

Pederson v. Pederson, 39 N.W.2d 893 (Minn. 1949). “§ 323.07. A partnership may be sued in its own name.”

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