clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1916
Volume 534, Page 312   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

312 LAWS OF MARYLAND. [CH. 175

(a) Assign the partnership property in trust for creditors
or on the assignee's promise to pay the debts of the partner-
ship,

(b) Dispose of the good-will of the business,
(c) Do any other act which would make it impossible to
carry on the ordinary business of the partnership,

(d) Confess a judgment,

(e) Submit a partnership claim or liability to arbitration
or reference.

(4) No act of a partner in contravention of a restriction
on his authority shall bind the partnership to persons having
knowledge of the restriction.

SEC. 10. (Conveyance of Real Property of the Partner-
ship. ) (1) Where title to real property is in the partnership
name, any partner may convey title to such property by a con-
veyance executed in the partnership name; but the partnership
may recover such property unless the partner's act binds the
partnership under the provisions of paragraph (1) of section
9, or unless such property has been conveyed by the grantee or
a person claiming through such grantee to a holder for value
without knowledge that the partner, in making the conveyance,
has exceeded his authority.

(2) Where title to real property is in the name of the
partnership, a conveyance executed by a partner, in his own
name, passes the equitable interest of the partnership, provided
the act is one within the authority of the partner under the
provisions of paragraph (1) of section 9.

(3) Where title to real property is in the name of one or
more but not all the partners, and the record does not disclose
the right of the partnership, the partners in whose name the
title stands may convey title to such property, but the partner-
ship may recover such property if the partners' act does not
bind the partnership under the provisions of paragraph (1)
of section 9, unless the purchaser or his assignee, is a holder
for value, without knowledge.

(4) Where the title to real property is in the name of on©
or more or all the partners, or in a third person in trust for the
partnership, a conveyance executed by a partner in the part-
nership name, or in his own name, passes the equitable interest
of the partnership, provided the act is one within the authority
of the partner under the provisions of paragraph (1) of sec-
tion 9.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1916
Volume 534, Page 312   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives