Sec. 16. “Working capital” means the difference between a person’s:

(1) current assets; and

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Terms Used In Indiana Code 27-16-2-16

  • 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.
(2) current liabilities;

determined in accordance with generally accepted accounting principles.

As added by P.L.11-2011, SEC.40.