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

Indiana Statutes

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

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 4 PARTNERSHIPS·Ch. 3 Accounting by Surviving Partners

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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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.

Indiana § 23-4-3-5 (Appointment of receiver on failure to comply with act) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.