Indiana Statutes
§ 23-4-1-21 — Partner accountable as fiduciary
(1)Every partner must account to the
partnership for any benefit, and hold as trustee for it any profits derived
by him without the consent of the other partners from any transaction
connected with the formation, conduct, or liquidation of the partnership
or from any use by him of its property.
(2)This section applies also to the representatives of a deceased
partner engaged in the liquidation of the affairs of the partnership as
the personal representatives of the last surviving partner.
Formerly: Acts 1949, c.114, s.21.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 23-4-1-21 (Partner accountable as fiduciary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Leeb v. Guy (In Re Guy)
101 B.R. 961 (N.D. Indiana, 1988)
Credentials Plus, LLC v. Calderone
230 F. Supp. 2d 890 (N.D. Indiana, 2002)
Longmire v. Indiana Department of State Revenue
638 N.E.2d 894 (Indiana Tax Court, 1994)
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"