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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>366883</law_id><section_number>50-73.90</section_number><catch_line>When property is partnership property</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="107" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="4" identifier="2.2">Virginia Uniform Partnership Act</unit><unit label="article" level="3" order_by="2" identifier="2">Nature of Partnership</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> <span class="dictionary">Property</span> is <span class="dictionary">partnership</span> <span class="dictionary">property</span> if acquired in the name of: <a id="paragraph-1365988" class="section-permalink" href="https://vacode.org/50-73.90/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The <span class="dictionary">partnership</span>; or <a id="paragraph-1365989" class="section-permalink" href="https://vacode.org/50-73.90/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> One or more partners with an indication in the instrument transferring title to the <span class="dictionary">property</span> of the <span class="dictionary">person</span>&#x2019;s capacity as a partner or of the existence of a <span class="dictionary">partnership</span> but without an indication of the name of the <span class="dictionary">partnership</span>. <a id="paragraph-1365990" class="section-permalink" href="https://vacode.org/50-73.90/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> <span class="dictionary">Property</span> is acquired in the name of the <span class="dictionary">partnership</span> by a <span class="dictionary">transfer</span> to: <a id="paragraph-1365991" class="section-permalink" href="https://vacode.org/50-73.90/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The <span class="dictionary">partnership</span> in its name; or <a id="paragraph-1365992" class="section-permalink" href="https://vacode.org/50-73.90/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> One or more partners in their capacity as partners in the <span class="dictionary">partnership</span>, if the name of the <span class="dictionary">partnership</span> is indicated in the instrument transferring title to the <span class="dictionary">property</span>. <a id="paragraph-1365993" class="section-permalink" href="https://vacode.org/50-73.90/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> <span class="dictionary">Property</span> is presumed to be <span class="dictionary">partnership</span> <span class="dictionary">property</span> if purchased with <span class="dictionary">partnership</span> <span class="dictionary">assets</span>, even if not acquired in the name of the <span class="dictionary">partnership</span> or of one or more partners with an indication in the instrument transferring title to the <span class="dictionary">property</span> of the <span class="dictionary">person</span>&#x2019;s capacity as a partner or of the existence of a <span class="dictionary">partnership</span>. <a id="paragraph-1365994" class="section-permalink" href="https://vacode.org/50-73.90/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> <span class="dictionary">Property</span> acquired in the name of one or more of the partners, without an indication in the instrument transferring title to the <span class="dictionary">property</span> of the <span class="dictionary">person</span>&#x2019;s capacity as a partner or of the existence of a <span class="dictionary">partnership</span> and without use of <span class="dictionary">partnership</span> <span class="dictionary">assets</span>, is presumed to be separate <span class="dictionary">property</span>, even if used for <span class="dictionary">partnership</span> purposes. <a id="paragraph-1365995" class="section-permalink" href="https://vacode.org/50-73.90/#D"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292.</history><metadata></metadata></law>
