Illinois Compiled Statutes 805 Business Organizations: Article 5 - Transferees And Creditors Of Partner

• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 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...
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 502
  Partner's transferable interest in partnership. The only transferable interest of a partner in the partnership is the partner's share of the profits and losses...
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 503
  Transfer of partner's transferable interest. (a) A transfer, in whole or in part, of a partner's transferable interest in the partnership: (1) is permissible;...
• Illinois Uniform Partnership Act (1997). - 805 ILCS 206, Section 504
  Partner's transferable interest subject to charging order. (a) On application by a judgment creditor of a partner or of a partner's transferee, a court...

Last modified: February 18, 2015