Indiana Code 23-16-9-2. Judicial dissolution
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Terms Used In Indiana Code 23-16-9-2
- 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. 2. On application by or for a partner, the circuit or superior court of the county in which the office of the limited partnership referred to in IC 23-0.5-4 is located may decree dissolution of a limited partnership whenever it is not reasonably practicable to carry on the business in conformity with the partnership agreement. If the office referred to in IC 23-0.5-4 is not within Indiana, the application may be made to the circuit or superior court of the county in which the registered agent referred to in IC 23-0.5-4 is located.
As added by P.L.147-1988, SEC.1. Amended by P.L.118-2017, SEC.75.