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Property acquired by a partnership is property of the partnership and not of the partners individually.
Structure Arkansas Code
Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 4 - Partnerships
Chapter 46 - Uniform Partnership Act (1996)
Subchapter 2 - Nature of Partnership
§ 4-46-201. Partnership as entity
§ 4-46-202. Formation of partnership
§ 4-46-203. Partnership property
§ 4-46-204. When property is partnership property