Indiana § 23-4-3-7 Disposition of surplus

Indiana Statutes

§ 23-4-3-7 — Disposition of surplus

Indiana § 23-4-3-7

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 4PARTNERSHIPS

Ch. 3Accounting by Surviving Partners

This text of Indiana § 23-4-3-7 (Disposition of surplus) 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 § 23-4-3-7 (2026).

Text

Upon the settlement of such partnership
business, the surviving partner or partners shall report the same to the
proper court and pay the surplus belonging to such deceased partner
into court, to be paid out, on the order of the judge, to such person or
persons as may be entitled to the same by law; and such surviving
partner or partners shall settle such partnership business within two (2)
years from the filing of such inventory and appraisement, unless the
court for good cause shown shall grant a longer time.
Formerly: Acts 1877, c.86, s.7.

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Upon the settlement of such partnership
business, the surviving partner or partners shall report the same to the
proper court and pay the surplus belonging to such deceased partner
into court, to be paid out, on the order of the judge, to such person or
persons as may be entitled to the same by law; and such surviving
partner or partners shall settle such partnership business within two (2)
years from the filing of such inventory and appraisement, unless the
court for good cause shown shall grant a longer time.
Formerly: Acts 1877, c.86, s.7.