{"data":{"id":"us-ky/krs-362.1-204","jurisdiction":"us-ky","citation":"KRS 362.1-204","heading":"When property is partnership property.","body":"(1) Property is partnership property if acquired in the name of:\n(a) The partnership; or\n(b) One (1) or more partners with an indication in the instrument transferring title\nto the property of the person's capacity as a partner or of the existence of a\npartnership but without an indication of the name of the partnership.\n(2) Property is acquired in the name of the partnership by a transfer to:\n(a) The partnership in its name; or\n(b) One (1) or more partners in their capacity as partners in the partnership, if t he\nname of the partnership is indicated in the instrument transferring title to the\nproperty.\n(3) 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 (1) or mor e\npartners with an indication in the instrument transferring title to the property of the\nperson's capacity as a partner or of the existence of a partnership.\n(4) Property acquired in the name of one (1) or more of the partners, without an\nindication in the instrument transferring title to the property of the person's capacity\nas a partner or of the existence of a partnership and without use of partnership\nassets, is presumed to be separate property, even if used for partnership purposes.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34476","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:57Z","sha256":"ed37b15702db27ffcc46cf9fe616ff167074a4697140501a228ae9fdd1bc02a3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.1-203","next":"us-ky/krs-362.1-301"},"notice":"GroundRules: Original legal text. Not legal advice."}