Property acquired by a partnership is property of the partnership and not of the partners individually.
98 Acts, ch 1201, §10, 79, 82
Iowa Code § 486A.203
Partnership property
Known as the Uniform Partnership Act
The act spans §§ 486–486 (76 sections).
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.