Partnership Act 1892
22Conversion into personal estate of land held as partnership property
Start here
Get a plain-English read of 22
Turn the raw legal text into a practical explanation grounded in Partnership Act 1892.
22 Conversion into personal estate of land held as partnership property
22 Conversion into personal estate of land held as partnership property
(1) Where land or any heritable interest therein has become partnership property, it shall, unless the contrary intention appears, be treated as between the partners (including the representatives of a deceased partner), and also as between the heirs of a deceased partner and the deceased partner’s executors or administrators as personal or movable and not real or heritable estate.
(2) This section does not apply to or in respect of an incorporated limited partnership.
s 22: Am 1994 No 32, Sch 3; 2004 No 8, Sch 1 [39].