Indiana Statutes
§ 23-16-6-3 — Sharing of profits and losses
Indiana § 23-16-6-3
This text of Indiana § 23-16-6-3 (Sharing of profits and losses) 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 § 23-16-6-3 (2026).
Text
The profits and losses of a limited partnership
shall be allocated among the partners, and among classes or groups of
partners, in the manner provided in the partnership agreement. If the
partnership agreement does not so provide, profits and losses shall be
allocated on the basis of the agreed value (as stated in the records of
the limited partnership) of the contributions made by each partner to
the extent they have been received by the partnership and have not
been returned.
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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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-16-6-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-16-6-3.