§ 23-4-3-1 Settling and closing affairs
§ 23-4-3-2 Inventory and appraisal
§ 23-4-3-3 Affidavit of correctness of inventory; list of liabilities
§ 23-4-3-4 Bond
§ 23-4-3-5 Appointment of receiver on failure to comply with act
§ 23-4-3-6 Petition to appoint receiver; notice
§ 23-4-3-7 Disposition of surplus
§ 23-4-3-8 Release of sureties

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Terms Used In Indiana Code > Title 23 > Article 4 > Chapter 3 - Accounting by Surviving Partners

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
  • Decedent: A deceased person.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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.
  • Probate: Proving a will
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.