Illinois Compiled Statutes 805 Business Organizations: Article 2 - Nature Of Partnership

• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 201
  Partnership as entity. (a) A partnership is an entity distinct from its partners. (b) A limited liability partnership continues to be the same entity...
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 202
  Formation of partnership. (a) Except as otherwise provided in subsection (b), the association of 2 or more persons to carry on as co-owners a...
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 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.)
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 204
  When property is partnership property. (a) Property is partnership property if acquired in the name of: (1) the partnership; or (2) one or more...

Last modified: February 18, 2015