Indiana Statutes
§ 23-4-3-7 — Disposition of surplus
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 4 PARTNERSHIPS·Ch. 3 Accounting by Surviving Partners
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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Related
Darlage v. Drummond
576 N.E.2d 1303 (Indiana Court of Appeals, 1991)
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"