Okla. Stat. tit. 54, § 54-1-204
This is the official text of Okla. Stat. tit. 54, § 54-1-204, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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When Property is Partnership Property
Official statutory text
When Property is Partnership Property. (a) Property is
partnership property if acquired in the name of:
(1) the partnership; or
(2) 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.
(b) Property is acquired in the name of the partnership by a
transfer to:
(1) the partnership in its name; or
(2) 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.
(c) 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.
(d) 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.
partnership property if acquired in the name of:
(1) the partnership; or
(2) 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.
(b) Property is acquired in the name of the partnership by a
transfer to:
(1) the partnership in its name; or
(2) 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.
(c) 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.
(d) 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.
Status: in_force · Read it on the official government site
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