Indiana Code 23-16-1-9. Limited partnership; domestic limited partnership
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Terms Used In Indiana Code 23-16-1-9
- 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.
Sec. 9. “Limited partnership” and “domestic limited partnership” mean a partnership formed by two (2) or more persons under the laws of Indiana that has one (1) or more general partners and one (1) or more limited partners.
As added by P.L.147-1988, SEC.1.