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Terms Used In Indiana Code 27-1-2.3-7

  • 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. 7. As used in this chapter, “person” means an individual, a corporation, a limited liability company, a partnership, or another legal entity.

As added by P.L.170-2022, SEC.36.