Property transferred to or otherwise acquired by a partnership is property of the partnership and not of the partners individually.
Tenn. Code Ann. § 61-1-203
Partnership property
Known as the Uniform Partnership Act
The act spans §§ 61-1-1001 to 61-1-908 (67 sections).
Acts 2001, ch. 353.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.