CHAPTER 1. DEFINITIONS
IC 23-16
ARTICLE 16. LIMITED PARTNERSHIPS
IC 23-16-1
Chapter 1. Definitions
IC 23-16-1-1
Applicability of definitions
Sec. 1. The definitions in this chapter apply throughout this
article.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-2
Certificate of limited partnership
Sec. 2. "Certificate of limited partnership" means a certificate
described in IC 23-16-3-2 and such a certificate as amended or
restated.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-3
Contribution
Sec. 3. "Contribution" means any cash, property, services
rendered, or a promissory note or other binding obligation to transfer
cash or property or to perform services, that a partner transfers to a
limited partnership in the capacity of partner.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-4
Effective date
Sec. 4. "Effective date" means a date specified in a certificate
filed with the secretary of state declaring when the certificate
becomes effective.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-5
Event of withdrawal of a general partner
Sec. 5. "Event of withdrawal of a general partner" means an event
that causes a person to cease to be a general partner as provided in
IC 23-16-5-2.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-6
Foreign limited partnership
Sec. 6. "Foreign limited partnership" means a partnership formed
under the laws of any jurisdiction other than Indiana, including a
foreign country or other foreign jurisdiction in which the partnership
formed has as partners one (1) or more general partners and one (1)
or more limited partners.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-7
General partner
Sec. 7. "General partner" means a person who has been admitted
to a limited partnership or a foreign limited partnership as a general
partner in accordance with the partnership agreement and is named
in the certificate of limited partnership or similar instrument under
which the limited partnership is organized, if so required.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-8
Limited partner
Sec. 8. "Limited partner" means a person who has been admitted
to a limited partnership as a limited partner in accordance with the
laws of Indiana or, in the case of a foreign limited partnership, in
accordance with the laws of the state, foreign country, or other
foreign jurisdiction under which the foreign limited partnership is
organized.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-9
Limited partnership; domestic limited partnership
Sec. 9. "Limited partnership" and "domestic limited partnership"
mean a partnership formed by two (2) or more persons under the
laws of Indiana that has one (1) or more general partners and one (1)
or more limited partners.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-10
Partner
Sec. 10. "Partner" means a limited or general partner.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-11
Partnership agreement
Sec. 11. "Partnership agreement" means a written agreement of
the partners as to the affairs of a limited partnership and the conduct
of its business.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-12
Partnership interest
Sec. 12. "Partnership interest" means a partner's share of the
profits and losses of a limited partnership and the right to receive
distributions of partnership assets.
As added by P.L.147-1988, SEC.1.
IC 23-16-1-13
Person
Sec. 13. "Person" means an individual, partnership, limited
liability company, domestic limited partnership, foreign limited
partnership, trust, estate, association, corporation, or any other
individual or entity whether acting in its own capacity or in any
representative capacity.
As added by P.L.147-1988, SEC.1. Amended by P.L.8-1993,
SEC.330.
IC 23-16-1-14
State
Sec. 14. "State" means the District of Columbia, the
Commonwealth of Puerto Rico, or any state, territory, possession, or
other jurisdiction of the United States.
As added by P.L.147-1988, SEC.1.