Illinois Statutes
§ 203 — Partnership property
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 2 - Nature Of Partnership
Property acquired by a partnership is property of the partnership and not of the partners individually.
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Legislative History
(Source: P.A. 92-740, eff. 1-1-03.)