Indiana § 23-16-4-6 - Admission of limited partners
Full text of Indiana Indiana Code § 23-16-4-6 — Admission of limited partners, with citation guidance and answers to common questions.
§ 23-16-4-6. Admission of limited partners
Sec. 6. A person acquiring a partnership interest is admitted as a limited partner when the latter of the following occurs:
(1) The formation of the limited partnership.
(2) The time provided in the partnership agreement or, if no time is provided in the partnership agreement, when the person's admission is reflected in the records of the limited partnership.
As added by P.L.147-1988, SEC.1.
IC 23-16-5Chapter 5. General Partners
23-16-5-1Admission of additional general partners 23-16-5-2Events of withdrawal 23-16-5-3General powers and liabilities 23-16-5-4Contributions by general partner 23-16-5-5Classes or groups of general partners; rights, powers, and duties; voting
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-16-4-6
What does Indiana Code § 23-16-4-6 cover?
Section 23-16-4-6 ("Admission of limited partners") 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 § 23-16-4-6?
A common citation format is "Indiana Code § 23-16-4-6" (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 § 23-16-4-6 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.