Indiana § 27-16-2-16 - "Working capital"
Full text of Indiana Indiana Code § 27-16-2-16 — "Working capital", with citation guidance and answers to common questions.
§ 27-16-2-16. "Working capital"
Sec. 16. "Working capital" means the difference between a person's:
(1) current assets; and
(2) current liabilities;
determined in accordance with generally accepted accounting principles.
As added by P.L.11-2011, SEC.40.
IC 27-16-3Chapter 3. Effect on Rights, Duties, and Obligations
27-16-3-1Effect on collective bargaining agreement or federal rights or obligations 27-16-3-2Effect on duties 27-16-3-3Effect on federal, state, or local requirements 27-16-3-4Effect on tax credits and incentives 27-16-3-5Effect on government contracts
Frequently Asked Questions About Indiana § 27-16-2-16
What does Indiana Code § 27-16-2-16 cover?
Section 27-16-2-16 (""Working capital"") 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 § 27-16-2-16?
A common citation format is "Indiana Code § 27-16-2-16" (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 § 27-16-2-16 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.