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Terms Used In Indiana Code 23-16-1-11

  • 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. 11. “Partnership agreement” means a written agreement of the partners as to the affairs of a limited partnership and the conduct of its business.

As added by P.L.147-1988, SEC.1.