Section 25. (1) A partner is co-owner with his partners of specific partnership property holding as a tenant in partnership.
(2) The incidents of this tenancy are such that:
(a) A partner, subject to the provisions of this chapter and to any agreement between the partners, has an equal right with his partners to possess specific partnership property for partnership purposes; but he has no right to possess such property for any other purpose without the consent of his partners.
(b) A partner's right in specific partnership property is not assignable except in connection with the assignment of the rights of all the partners in the same property.
(c) A partner's right in specific partnership property is not subject to attachment or execution, except on a claim against the partnership. When partnership property is attached for a partnership debt the partners, or any of them, or the representatives of a deceased partner, cannot claim any right under the homestead or exemption laws.
(d) On the death of a partner his right in specific partnership property vests in the surviving partner or partners, except where the deceased was the last surviving partner, when his right in such property vests in his legal representative. Such surviving partner or partners, or the legal representative of the last surviving partner, has no right to possess the partnership property for any but a partnership purpose.
(e) A partner's right in specific partnership property is not subject to dower, curtesy, or allowances to widows, heirs, or next of kin.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Section 1 - Citation of Chapter
Section 3 - Knowledge and Notice; Definition
Section 4 - Interpretation and Construction
Section 5 - Application of Rules of Law and Equity
Section 6 - Partnership, Defined; Application to Prior Associations; Limited Partnerships
Section 7 - Rules for Determining Existence of Partnership
Section 8 - Partnership Property; Acquisition and Conveyance
Section 9 - Partner as Agent of Partnership; Authority
Section 10 - Conveyance to Title to Realty
Section 11 - Admissions and Representations
Section 12 - Notice to and Knowledge of Partner; Imputation to Partnership
Section 13 - Liability of Partnership for Wrongful Acts of Partners
Section 14 - Liability of Partnership for Partner's Misapplication of Money or Property
Section 15 - Joint and Several Liability of Partners
Section 16 - Misrepresentation of Self as Partner; Liability
Section 17 - Liability of New Partner for Partnership Obligations
Section 18 - Rights and Duties of Partners
Section 19 - Partnership Books; Right of Inspection
Section 20 - Disclosure of Information on Demand
Section 22 - Partner's Right to Formal Accounting
Section 23 - Continuation of Partnership Beyond Time Fixed for Termination
Section 26 - Interest in Partnership; Profits
Section 27 - Conveyance of Interest in Partnership; Rights of Assignee
Section 28 - Creditor's Remedy to Reach Partner's Interest in Partnership
Section 29 - Dissolution and Winding Up; Definition
Section 30 - Effect of Dissolution
Section 31 - Causes of Dissolution
Section 32 - Decree of Dissolution
Section 33 - Effect of Dissolution on Partner's Authority
Section 34 - Dissolution by Act, Death or Bankruptcy; Liability to Co-Partners
Section 35 - Authority and Liability After Dissolution
Section 37 - Right to Wind Up Partnership Affairs
Section 38 - Rights of Partners Upon Dissolution
Section 39 - Rights of Partner Entitled to Rescind Partnership
Section 40 - Rules for Settling Accounts Between Partners
Section 41 - Creditors' Rights; Continuing Business of Dissolved Partnership
Section 43 - Right to an Account
Section 44 - Actions to Reach and Apply Corporate Shares and Interests
Section 45 - Registration as Limited Liability Partnership; Annual Report; Withdrawal; Revocation
Section 46 - Name of Registered Limited Liability Partnership
Section 47 - Recognition Outside Commonwealth