1920

LAWS OF MARYLAND

[Ch. 311

The only other changes are technical changes
in punctuation.

9-202. PARTNERSHIP PROPERTY.

(A)     ALL PROPERTY ORIGINALLY BROUGHT INTO THE
PARTNERSHIP STOCK OR SUBSEQUENTLY ACQUIRED, BY PURCHASE
OR OTHERWISE ON ACCOUNT OF THE PARTNERSHIP IS PARTNERSHIP
PROPERTY.

(B)   UNLESS THE CONTRARY INTENTION APPEARS, PROPERTY.
ACQUIRED WITH PARTNERSHIP FUNDS IS PARTNERSHIP PROPERTY.

(C) ANY ESTATE IN REAL PROPERTY MAY BE ACQUIRED IN
THE PARTNERSHIP NAME. TITLE SO ACQUIRED CAN BE CONVEYED
ONLY IN THE PARTNERSHIP NAME.

(D) 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.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §8.

No changes are made.

SUBTITLE 3. RELATIONS OF PARTNERS TO PERSONS DEALING
WITH THE PARTNERSHIP.

9-301. PARTNER AGENT OF PARTNERSHIP.

(A)    EVERY PARTNER IS AN AGENT OF THE PARTNERSHIP
FOR THE PURPOSE OF ITS BUSINESS, AND THE ACT OF EVERY
PARTNER, INCLUDING THE EXECUTION IN THE PARTNERSHIP NAME
OF ANY INSTRUMENT, FOR APPARENTLY CARRYING ON IN THE
USUAL WAY THE BUSINESS OF THE PARTNERSHIP OF WHICH HE IS
A MEMBER BINDS THE PARTNERSHIP, UNLESS THE PARTNER SO
ACTING HAS IN FACT NO AUTHORITY TO ACT FOR THE
PARTNERSHIP IN THE PARTICULAR MATTER, AND TBI PERSON WITH
WHOM HE IS DEALING HAS KNOWLEDGE OF THE FACT THAT HE HAS
NO SUCH AUTHORITY.

(B)   AN ACT OF A PARTNER WHICH IS NOT APPARENTLY FOR
THE CARRYING ON OF THE BUSINESS OF THE PARTNERSHIP IN THE
USUAL WAY DOES NOT BIND THE PARTNERSHIP UNLESS AUTHORIZED
BY THE OTHER PARTNERS.

(C)    UNLESS AUTHORIZED BY THE OTHER PARTNERS OR
UNLESS THEY HAVE ABANDONED THE BUSINESS, ONE OR MORE BUT
LESS THAN ALL THE PARTNERS HAVE NO AUTHORITY TO:

(1) ASSIGN THE PARTNERSHIP PROPERTY IN TRUST
FOR CREDITORS OR ON THE ASSIGNEE'S PROMISE TO PAY THE