Indiana Statutes

§ 23-4-3-5 — Appointment of receiver on failure to comply with act

Indiana § 23-4-3-5
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 4PARTNERSHIPS
Ch. 3Accounting by Surviving Partners

This text of Indiana § 23-4-3-5 (Appointment of receiver on failure to comply with act) 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 § 23-4-3-5 (2026).

Text

If such surviving partner or partners shall fail to file such inventory, appraisement, and list of liabilities, and bond, as in this chapter provided, or shall fail or refuse to take upon him or themselves the settlement of the business of such firm, the judge of the court having probate jurisdiction, upon petition filed by anyone interested in the settlement of such partnership, shall appoint a receiver to settle the affairs of such partnership, who shall proceed to settle the same as though a voluntary assignment for the benefit of the creditors had been made by the surviving partner or partners of such firm. Formerly: Acts 1877, c.86, s.5. As amended by P.L.34-1987, SEC.322.

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Related

Darlage v. Drummond
576 N.E.2d 1303 (Indiana Court of Appeals, 1991)
15 case citations

Nearby Sections

15
§ 23-0.5-1-1
Short title
§ 23-0.5-1-2
Application
§ 23-0.5-1-4
Delivery of record
§ 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"
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Bluebook (online)
Indiana § 23-4-3-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-4-3-5.