§ 23-18-5-1 Promises to contribute property or services; enforceability
§ 23-18-5-2 Obligation to make capital contribution or other payment; compromise; effect; remedies or consequences of nonpayment
§ 23-18-5-3 Allocation of profits and losses
§ 23-18-5-4 Shared distributions of cash or other assets
§ 23-18-5-5 Dissociation; companies existing on or before June 30, 1999
§ 23-18-5-5.1 Dissociation; companies formed after June 30, 1999
§ 23-18-5-6 Distributions
§ 23-18-5-7 Unlawful distributions; liability
§ 23-18-5-8 Distributions in kind
§ 23-18-5-9 Status of member entitled to receive distribution
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Terms Used In Indiana Code > Title 23 > Article 18 > Chapter 5 - Finance

  • Appraisal: A determination of property value.
  • 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.
  • 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