Indiana Statutes
§ 23-16-5-3 — General powers and liabilities
Indiana § 23-16-5-3
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 16LIMITED PARTNERSHIPS
Ch. 5General Partners
This text of Indiana § 23-16-5-3 (General powers and liabilities) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-16-5-3 (2026).
Text
(a)Except as provided in this article or in the
partnership agreement, a general partner of a limited partnership has
the rights and powers of, and is subject to the restrictions of, a partner
in a partnership without limited partners.
(b)Except as provided in this article, a general partner of a limited
partnership has the liabilities of a partner in a partnership without
limited partners to persons other than the partnership and the other
partners.
(c)Except as provided in this article or in the partnership
agreement, a general partner of a limited partnership has the liabilities
of a partner in a partnership without limited partners to the partnership
and to the other partners.
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Related
Bell v. Clark
670 N.E.2d 1290 (Indiana Supreme Court, 1996)
Vodafone Americas Inc. v. Indiana Department of State Revenue
991 N.E.2d 626 (Indiana Tax Court, 2013)
Rueth Development Company v. Power-Rueth & Associates, Donald S. Powers, Margret F. Powers
(Indiana Court of Appeals, 2014)
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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-16-5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-16-5-3.