2199. A contribution of property is made by transferring rights of ownership or of enjoyment and by placing the property at the disposal of the partnership.
In his relations with the partnership, the person who contributes property is warrantor therefor, in the same manner as a seller towards a buyer, where the contribution consists in the ownership of property; he is warrantor therefor, in the same manner as a lessor towards a lessee, where the contribution consists in the enjoyment of property.
In the case of property that would normally need to be renewed during the term of the partnership, a contribution consisting in enjoyment transfers ownership of the property to the partnership, subject to the obligation for it to return property of the same quantity, quality and value.
1991, c. 64, a. 2199; I.N. 2014-05-01; I.N. 2015-11-01.