Sec. 1. The contribution of a partner may be:

(1) in cash, property, or services rendered; or

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Terms Used In Indiana Code 23-16-6-1

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) a promissory note or other obligation to contribute cash or property or to perform services.

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