Illinois Statutes
§ 501 — Partner not co-owner of partnership property
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 5 - Transferees And Creditors Of Partner
A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 501 (Partner not co-owner of partnership property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 92-740, eff. 1-1-03.)
Nearby Sections
15
§ 50
§ 50§ 50-1
Annual reports§ 50-10
Fees§ 50-15
Penalty§ 50-30
(Repealed)§ 50-35
Forms§ 50-40
File number§ 50-55
Disposition of fees