Indiana § 23-4-3-7 - Disposition of surplus
Full text of Indiana Indiana Code § 23-4-3-7 — Disposition of surplus, with citation guidance and answers to common questions.
§ 23-4-3-7. Disposition of surplus
Sec. 7. Upon the settlement of such partnership business, the surviving partner or partners shall report the same to the proper court and pay the surplus belonging to such deceased partner into court, to be paid out, on the order of the judge, to such person or persons as may be entitled to the same by law; and such surviving partner or partners shall settle such partnership business within two (2) years from the filing of such inventory and appraisement, unless the court for good cause shown shall grant a longer time.
Formerly: Acts 1877, c.86, s.7.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-4-3-7
What does Indiana Code § 23-4-3-7 cover?
Section 23-4-3-7 ("Disposition of surplus") 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 § 23-4-3-7?
A common citation format is "Indiana Code § 23-4-3-7" (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 § 23-4-3-7 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.