Illinois Compiled Statutes 805 ILCS 206 Uniform Partnership Act (1997). Section 501

    (805 ILCS 206/501)

    Sec. 501. Partner not co-owner of partnership property. 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.

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

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Last modified: February 18, 2015