Illinois Compiled Statutes 805 ILCS 206 Uniform Partnership Act (1997). Section 203

    (805 ILCS 206/203)

    Sec. 203. Partnership property. Property acquired by a partnership is property of the partnership and not of the partners individually.

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

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Last modified: February 18, 2015