Property transferred to or otherwise acquired by a partnership is property of the partnership and not of the partners individually.
KRS 362.1-203
Partnership property
Known as the Kentucky Revised Uniform Partnership Act
The act spans §§ 362.1-1001 to 362.1-975 (90 sections).
Effective: July 12, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.