Indiana Code 23-16-4-5. Access to information by limited partner
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Sec. 5. Each limited partner has the right to inspect and copy any of the partnership records required to be maintained by IC 23-16-2-6 and to obtain from the general partners, from time to time, upon reasonable demand the following:
(2) Promptly after becoming available, copies of the limited partnership’s federal, state, and local income tax returns for each year.
(1) True and full information regarding the state of the business and financial condition of the limited partnership.
Terms Used In Indiana Code 23-16-4-5
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) Other information regarding the affairs of the limited partnership as is just and reasonable.
As added by P.L.147-1988, SEC.1.