Acts and Regulations

P-4 - Partnership Act

Full text
Land owned by firm deemed personalty
23Where 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 his executors or administrators, as personal or moveable and not real or heritable estate.
R.S., c.167, s.23