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§ 23-16-6-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 16 - Limited Partnerships/
  6. Chapter 6 - Finance23-16-6-1. Form of Contribution/
  7. § 23-16-6-3
Indiana Legal Code

§ 23-16-6-3

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If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the agreed value (as stated in the records of the limited partnership) of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.As added by P.L.147-1988, SEC.1.