{"law_id":"767891","section_number":"50-73.90","catch_line":"When property is partnership property","history":"1996, c. 292.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/50-73.90\/","refers_to":false,"url":"\/50-73.90\/","token":"50\/2.2\/2\/50-73.90","structure":{"1":{"id":"2122","name":"Nature Of Partnership","identifier":"2","label":"article","url":"\/50\/2.2\/2\/"},"2":{"id":"285","name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","url":"\/50\/2.2\/"},"3":{"id":"238","name":"Partnerships","identifier":"50","label":"title","url":"\/50\/"}},"referred_to_by":false,"edition_id":"11","section_id":"767891","structure_id":"2122","full_text":"A Property is partnership property if acquired in the name of:\r\rB Property is acquired in the name of the partnership by a transfer to:\r\rC 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.\r\rD 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.\r\r","text":{"0":{"id":"2475048","text":"Property is partnership property if acquired in the name of:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2475049","text":" The partnership; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2},"2":{"id":"2475050","text":" 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.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2},"3":{"id":"2475051","text":"Property is acquired in the name of the partnership by a transfer to:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"4":{"id":"2475052","text":" The partnership in its name; or","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2},"5":{"id":"2475053","text":" 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.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2},"6":{"id":"2475054","text":"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.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1},"7":{"id":"2475055","text":"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.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1}},"ancestry":{"1":{"id":"2122","name":"Nature Of Partnership","identifier":"2","label":"article","url":"\/50\/2.2\/2\/"},"2":{"id":"285","name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","url":"\/50\/2.2\/"},"3":{"id":"238","name":"Partnerships","identifier":"50","label":"title","url":"\/50\/"}},"structure_contents":{"0":{"id":"770964","structure_id":"2122","section_number":"50-73.87","catch_line":"Partnership as entity","url":"\/50-73.87\/","token":"50\/2.2\/2\/50-73.87"},"1":{"id":"769688","structure_id":"2122","section_number":"50-73.88","catch_line":"Formation of partnership","url":"\/50-73.88\/","token":"50\/2.2\/2\/50-73.88"},"2":{"id":"778282","structure_id":"2122","section_number":"50-73.89","catch_line":"Partnership property","url":"\/50-73.89\/","token":"50\/2.2\/2\/50-73.89"},"3":{"id":"767891","structure_id":"2122","section_number":"50-73.90","catch_line":"When property is partnership property","url":"\/50-73.90\/","token":"50\/2.2\/2\/50-73.90"}},"previous_section":{"id":"778282","structure_id":"2122","section_number":"50-73.89","catch_line":"Partnership property","url":"\/50-73.89\/","token":"50\/2.2\/2\/50-73.89"},"references":false,"formats":{"txt":"\/50-73.90.txt","json":"\/50-73.90.json","xml":"\/50-73.90.xml"},"dublin_core":{"Title":"When property is partnership property","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.90","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nWHEN PROPERTY IS PARTNERSHIP PROPERTY (\u00a7 50-73.90)\n\nA. Property is partnership property if acquired in the name of:\n\n   1.  The partnership; or\n\n   2.  One or more partners with an indication in the instrument transferring\n   title to the property of the person’s capacity as a partner or of the\n   existence of a partnership but without an indication of the name of the\n   partnership.\n\nB. Property is acquired in the name of the partnership by a transfer to:\n\n   1.  The partnership in its name; or\n\n   2.  One or more partners in their capacity as partners in the partnership, if\n   the name of the partnership is indicated in the instrument transferring title\n   to the property.\n\nC. Property is presumed to be partnership property if purchased with partnership\nassets, even if not acquired in the name of the partnership or of one or more\npartners with an indication in the instrument transferring title to the property\nof the person’s capacity as a partner or of the existence of a\npartnership.\n\nD. Property acquired in the name of one or more of the partners, without an\nindication in the instrument transferring title to the property of the\nperson’s capacity as a partner or of the existence of a partnership and\nwithout use of partnership assets, is presumed to be separate property, even if\nused for partnership purposes.\n\nHISTORY: 1996, c. 292."}