Wisconsin Statutes 178.0203 – Partnership property
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 178.0203
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: includes real and personal property. See Wisconsin Statutes 990.01
Property acquired by a partnership is property of the partnership and not of the partners individually.