Which Act Allows Real Estate to Be Held in the Name of Partnership?

• A. Uniform Commercial Code (UCC)
• B. Securities Act
• C. Uniform Partnership Act (UPA)
• D. Real Estate Licensing Act

Answer: (C)

Holding real estate in the name of a partnership is governed by the Uniform Partnership Act. This statute sets up partnerships as entities that can own property, outline how title is held, and define how the partnership itself can buy, own, and transfer real estate. When property is titled in the partnership’s name, the partnership is the owner, not the individual partners, which helps clarify liability, management authority, and transfer of the property.

The other acts cover different areas: the Uniform Commercial Code deals with broad commercial transactions and secured interests, the Securities Act governs the sale of securities, and the Real Estate Licensing Act concerns licensing for brokers and agents. None of these establish how real estate can be titled in the name of a partnership.