Farm partnerships - part 2 : legal considerations
"One of the established principles concerning partnerships is that both real and personal property may be owned in the partnership name. In Missouri, property owned by the partnership is held by 'tenancy in partnership.' Under such arrangements each partner is a co-owner of the specific partnership property and has equal rights to possess and use the property for partnership purposes but no right to possess or use it for other purposes without the consent of his partners."--First page.
Archive version. For the most recent information see extension.missouri.edu.
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