805 ILCS 206/501

805 ILCS 206/501
in effect
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(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.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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