Property acquired by a partnership is property of the partnership and not of the partners individually.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 2 - Formation of Partnership; Property.
Section 10A-8A-2.01 - Formation of Partnership.
Section 10A-8A-2.02 - Statement of Partnership; Statement of Not for Profit Partnership.
Section 10A-8A-2.03 - Execution, Filing, and Recording of Statements.
Section 10A-8A-2.04 - Partnership Property.
Section 10A-8A-2.05 - When Property Is Partnership Property.