Florida Statutes

Fla. Stat. § 620.8501 (2025)

Partner not co-owner of partnership property.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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620.8501 Partner not co-owner of partnership property.—Partnership property is owned by the partnership as an entity, not by the partners as co-owners. A partner has no interest that can be transferred, either voluntarily or involuntarily, in specific partnership property.

History.—s. 13, ch. 95-242.

Notes of Decisions

Cited in 2 cases, 2012–2012 · leading case: Stewart Tilghman Fox & Bianchi, P.A. v. Kane (In Re Kane), 470 B.R. 902 (Bankr. S.D. Florida 2012).

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Stewart Tilghman Fox & Bianchi, P.A. v. Kane (In Re Kane), 470 B.R. 902 (Bankr. S.D. Florida 2012). · cites it 2× “See Fla. Stat. §§ 620.8501 , 620.8401, 620.8402.”

Bakst v. United States (In re Kane & Kane), 475 B.R. 251 (Bankr. S.D. Florida 2012). · cites it 2× “” Fla. Stat. § 620.8501 (1995). Instead, “[e]ach partner is entitled to an equal share of the partnership profits and is chargeable with a share of the partnership losses in proportion to the partner’s share of the profits.”

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