26
In forcePersonal estate held as partnership property
Part 2Partnerships generally
Division 3Relationship between partners
26 Personal estate held as partnership property
(1)
Unless the contrary intention appears, land or an interest in land that is partnership property is to be treated, as between the partners (including the representatives of a deceased partner), as personal estate.
(2)
This section does not apply to an incorporated limited partnership.
This Act’s bill:Second reading speech
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