§ 23-16-9-1 Nonjudicial dissolution
§ 23-16-9-2 Judicial dissolution
§ 23-16-9-3 Winding up
§ 23-16-9-4 Distribution of assets

Terms Used In Indiana Code > Title 23 > Article 16 > Chapter 9 - Dissolution

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Trustee: A person or institution holding and administering property in trust.