Indiana Code > Title 23 > Article 16 > Chapter 9 – Dissolution
Current as of: 2024 | Check for updates
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Other versions
| § 23-16-9-1 | Nonjudicial dissolution |
| § 23-16-9-2 | Judicial dissolution |
| § 23-16-9-3 | Winding up |
| § 23-16-9-4 | Distribution of assets |
Terms Used In Indiana Code > Title 23 > Article 16 > Chapter 9 - Dissolution
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Trustee: A person or institution holding and administering property in trust.