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/§ 203
Illinois Statutes

§ 203 — Partnership property

Illinois § 203
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 206/Uniform Partnership Act (1997).
Art.Article 2 - Nature Of Partnership

This text of Illinois § 203 (Partnership property) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
805 Ill. Comp. Stat. 203 (2026).

Text

Property acquired by a partnership is property of the partnership and not of the partners individually.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

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

Nearby Sections

15
§ 20
§ 20
§ 20-1
§ 20-1
§ 20-10
§ 20-10
§ 20-15
§ 20-15
§ 20-20
§ 20-20
§ 20-25
§ 20-25
§ 20-30
§ 20-30
§ 20-35
§ 20-35
§ 20-40
§ 20-40
§ 20-5
§ 20-5
§ 20-90
§ 20-90
§ 201
Partnership as entity
§ 202
Formation of partnership
§ 203
Partnership property
§ 204
When property is partnership property
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Illinois § 203, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/203.