27
In forceConversion into personalty of land held by firm
Part 4Relations of partners to one another
27 Conversion into personalty of land held by firm
(1)
If an estate or interest in land has become partnership property, the estate or interest shall, unless the contrary intention appears, be treated as between the partners, the legal personal representatives of a deceased partner and the persons entitled under the will, or upon the administration of the estate, of a deceased partner, as personal or movable property and not real property.
(2)
This section does not apply in relation to an incorporated limited partnership.
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