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Terms Used In Indiana Code 23-0.5-1.5-21

  • 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. 21. “Limited liability partnership” means a domestic limited liability partnership registered under or subject to IC 23-4-1-45 through IC 23-4-1-46 or a foreign limited liability partnership.

As added by P.L.118-2017, SEC.5.