Indiana Code 23-0.5-1.5-13. “General partnership”
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Terms Used In Indiana Code 23-0.5-1.5-13
- 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. 13. “General partnership” means a domestic general partnership formed under or subject to IC 23-4-1 or a foreign general partnership. The term includes a limited liability partnership except for the purposes of IC 23-0.5-3-4.
As added by P.L.118-2017, SEC.5.