Indiana Code 14-34-7-2. “Net worth” defined
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Sec. 2. As used in this chapter, “net worth”:
(A) total assets; minus
(1) means:
Terms Used In Indiana Code 14-34-7-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(B) total liabilities; and
(2) is equivalent to owners’ equity.
[Pre-1995 Recodification Citation: 13-4.1-6.3-6.]
As added by P.L.1-1995, SEC.27.