12 – Partnership Property.

§  12.  Partnership property.  1. All property originally brought into
  the  partnership  stock  or  subsequently  acquired,  by   purchase   or
  otherwise, on account of the partnership is partnership property.
2.  Unless  the  contrary  intention  appears,  property acquired with
  partnership funds is partnership property.
3. Any estate in real property may  be  acquired  in  the  partnership
  name. Title so acquired can be conveyed only in the partnership name.
4.  A  conveyance  to  a  partnership  in the partnership name, though
  without words of inheritance, passes the entire estate  of  the  grantor
  unless a contrary intent appears.