22Conversion into personal estate of land held as partnership property

#### 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 \[39\].