Indiana Statutes
§ 23-16-7-4 — Distribution upon withdrawal
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 16 LIMITED PARTNERSHIPS·Ch. 7 Distributions and Withdrawals
Except as provided in this chapter, upon
withdrawal any withdrawing partner is entitled to receive any
distribution to which the withdrawing partner is entitled under the
partnership agreement and, if not otherwise provided in the partnership
agreement, the withdrawing partner is entitled to receive, within a
reasonable time after withdrawal, the fair value of the withdrawing
partner's interest in the limited partnership as of the date of withdrawal
based upon the withdrawing partner's right to share in distributions
from the limited partnership.
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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"