Indiana Code 7.1-3-21-5.2. Limited partnerships; qualifications of persons having partnership interest
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Terms Used In Indiana Code 7.1-3-21-5.2
- 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. 5.2. Each general partner and limited partner of a limited partnership must possess all other qualifications required of an individual applicant for that particular type of permit.
As added by P.L.51-1994, SEC.11. Amended by P.L.72-1996, SEC.13; P.L.72-2004, SEC.14; P.L.165-2006, SEC.31; P.L.107-2015, SEC.4; P.L.133-2016, SEC.6; P.L.214-2016, SEC.25; P.L.194-2021, SEC.51.