Property acquired by a partnership is property of the partnership and not of the partners individually.
Ark. Code Ann. § 4-46-203
Partnership property
Known as the Uniform Partnership Act
The act spans §§ 4–4 (71 sections).
Acts 1999, No. 1518, § 203.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.