Home/Illinois/Statutes/Topic: BUSINESS AND EMPLOYMENT/Ch. 805: BUSINESS ORGANIZATIONS/Act 805 ILCS 206/: Uniform Partnership Act (1997)./Art.: Article 2 - Nature Of Partnership/§ 201
Illinois Statutes

§ 201 — Partnership as entity

Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 2 - Nature Of Partnership
(a)A partnership is an entity distinct from its partners.
(b)A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under Section 1001 of this Act.

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Legislative History

(Source: P.A. 92-740, eff. 1-1-03.)

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§ 201
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