Indiana Code 27-13-1-22. “Net worth”

Sec. 22. (a) “Net worth” means the excess of total admitted assets over total liabilities.

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Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

(b) For the purposes of subsection (a), “liabilities” does not include fully subordinated debt.

As added by P.L.26-1994, SEC.25.