15.8 Partnership and Trust Property
| Library | Real Estate Practice Deskbook (2019 Ed.) |
5. (§15.8) Partnership and Trust Property
A tax lien filed against one partner of a partnership does not attach to the partnership assets but rather attaches to the partner's rights in or share of the surplus of the partnership assets. F.P. Baugh, Inc. v. Little Lake Lumber Co., 297 F.2d 692 (9 th Cir. 1961), cert. denied, 370 U.S. 909 (1962); United States v. Kerr, 470 F. Supp. 278 (E.D. Tenn. 1978). A lien filed against the property of a partnership is also a lien on the personal property of an individual...
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