Indiana § 23-16-7-4 - Distribution upon withdrawal
Full text of Indiana Indiana Code § 23-16-7-4 — Distribution upon withdrawal, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Indiana § 23-16-7-4
What does Indiana Code § 23-16-7-4 cover?
Section 23-16-7-4 ("Distribution upon withdrawal") 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 § 23-16-7-4?
A common citation format is "Indiana Code § 23-16-7-4" (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 § 23-16-7-4 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.