PARTNERSHIP ACT 1892 - SECT 22 Conversion into personal estate of land held as partnership property

PARTNERSHIP ACT 1892 - SECT 22

22 Conversion into personal estate of land held as partnership property

(1) Where land or any heritable interest therein has become partnership property, it shall, unless the contrary intention appears, be treated as between the partners (including the representatives of a deceased partner), and also as between the heirs of a deceased partner and the deceased partner's executors or administrators as personal or movable and not real or heritable estate.

(2) This section does not apply to or in respect of an incorporated limited partnership.