11. Property acquired by a partnership is property of the partnership and not of the partners individually.
N.J. Stat. Ann. § 42:1A-11
Property of the partnership
Known as the Uniform Partnership Act
The act spans §§ 42:1A-1 to 42:6-9 (286 sections).
L.2000,c.161,s.11.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.