Indiana Code 7.1-3-21-4. Partnership; qualifications of members
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 7.1-3-21-4
- 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. 4. The commission shall not issue an alcoholic beverage retailer’s or dealer’s permit of any type to a partnership unless each member of the partnership possesses the same qualifications as those required of an individual applicant for that particular type of permit.
[Pre-1973 Recodification Citation: 7-2-1-13.]
Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.51-1994, SEC.10; P.L.105-1995, SEC.5; P.L.165-2006, SEC.29; P.L.107-2015, SEC.2.