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Kentucky · Snapshot 09/05/2026

KRS 362.1-204: When property is partnership property.

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Where this section sits in the code

    (1) Property is partnership property if acquired in the name of:

    (a) The partnership; or

    (b) One (1) 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.

    (2) Property is acquired in the name of the partnership by a transfer to:

    (a) The partnership in its name; or

    (b) One (1) or more partners in their capacity as partners in the partnership, if t he

    name of the partnership is indicated in the instrument transferring title to the

    property.

    (3) 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 (1) or mor e

    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.

    (4) Property acquired in the name of one (1) 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.

    Collected 2026-09-05T20:58:57Z. Source file · JSON

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