Property acquired by a partnership is property of the partnership and not of the partners individually.
Va. Code Ann. § 50-73.89
Partnership property
Known as the Virginia Uniform Partnership Act
The act spans §§ 50–50 (76 sections).
Applied in 1 court decision — leading case Haburn v. Kilby (2006)
Most recently applied in Haburn v. Kilby (May 2006)
1996, c. 292.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.