Indiana § 6-3-1-41 - "Investment partnership"
Full text of Indiana Indiana Code § 6-3-1-41 — "Investment partnership", with citation guidance and answers to common questions.
§ 6-3-1-41. "Investment partnership"
Sec. 41. The term "investment partnership" means a partnership for federal income tax purposes that meets the following requirements:
(1) Not less than ninety percent (90%) of the partnership's cost of its total assets consists of qualifying investment securities, deposits at banks or other financial institutions, and office space and equipment reasonably necessary to carry on its activities as an investment partnership.
(2) Not less than ninety percent (90%) of the partnership's gross income consists of interest, dividends, gains from the sale or exchange of qualifying investment securities, and the distributive share of partnership income from lower-tier partnership interests meeting the definition of qualifying investment security. For purposes of this subdivision, gross income does not include income from partnerships that are operating at a federal taxable loss. For purposes of this subdivision, a partnership shall be treated as meeting the percentage test set forth in this subdivision if the partnership met the percentage test in three (3) of the five (5) most recent taxable years, including the current taxable year.
(3) The partnership is not a dealer in qualifying investment securities.
As added by P.L.230-2025, SEC.66.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 6-3-1-41
What does Indiana Code § 6-3-1-41 cover?
Section 6-3-1-41 (""Investment partnership"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 6-3-1-41?
A common citation format is "Indiana Code § 6-3-1-41" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 6-3-1-41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.