Indiana Code 23-16-5-1. Admission of additional general partners
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Terms Used In Indiana Code 23-16-5-1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 1. After the filing of a limited partnership‘s initial certificate of limited partnership, unless otherwise provided in the partnership agreement, additional general partners may be admitted only with the specific written consent of each partner.
As added by P.L.147-1988, SEC.1.