Indiana Statutes
§ 23-16-3-1 — Partnership agreement
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 16 LIMITED PARTNERSHIPS·Ch. 3 Formation and Certificate of Limited Partnership
(a)A limited partnership must have a
partnership agreement. Except as provided in IC 23-16-8-2 and IC 23-16-8-4, a person has the rights, and is subject to the liabilities, of a
general partner only if the person has signed a partnership agreement
in person or by an attorney-in-fact.
(b)The partnership agreement of a limited partnership may be
amended from time to time. Unless the partnership agreement provides
otherwise, an amendment of the partnership agreement may be made
only with the written consent of each limited partner who may be
adversely affected by an amendment that would accomplish any of the
following:
(1)Increase the obligations of any limited partner to make
contributions.
(2)Alter the allocation for tax purposes of any items of income,
gain, loss, deduction, or credit.
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Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"