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2019 Indiana Code
Title 23. Business and Other Associations
Article 16. Limited Partnerships
Chapter 7. Distributions and Withdrawals
23-16-7-4. Distribution upon withdrawal
Universal Citation: IN Code § 23-16-7-4 (2019)
IC 23-16-7-4 Distribution upon withdrawal
Sec. 4. Except as provided in this chapter, upon withdrawal any withdrawing partner is entitled to receive any distribution to which the withdrawing partner is entitled under the partnership agreement and, if not otherwise provided in the partnership agreement, the withdrawing partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the withdrawing partner's interest in the limited partnership as of the date of withdrawal based upon the withdrawing partner's right to share in distributions from the limited partnership.
As added by P.L.147-1988, SEC.1.
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