Indiana Code 23-4-1-24. Extent of property rights of partner
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 23-4-1-24
- 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 personal and real property. See Indiana Code 1-1-4-5
Sec. 24. The property rights of a partner are (1) his rights in specific partnership property, (2) his interest in the partnership, and (3) his right to participate in the management.
Formerly: Acts 1949, c.114, s.24.