reglab/housing_qa huggingface dataset:
IN Code § 23-16-3-8 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 3. Formation and Certificate of Limited Partnership|23-16-3-8. Liability for False Statement in Certificate

Sec. 8. (a) Except as provided in subsection (b), if any certificate of limited partnership or certificate of amendment or cancellation contains a materially false statement, a person who suffers loss by reasonable reliance on the statement may recover damages for the loss from:(1) any general partner who knew or should have known the statement to be false at the time the certificate was executed; and(2) any general partner who:(A) after the execution of the certificate, but at least sixty (60) days before the statement was reasonably relied upon, knew or should have known that any arrangement or other fact described in a statement in the certificate had changed, making the statement inaccurate; and(B) failed to cancel or amend the certificate or to file a petition for the cancellation or amendment of the certificate under IC 23-0.5-2 before the statement was reasonably relied upon.(b) A general partner is not liable for failing to cancel or amend a certificate or for failing to file a petition for the amendment or cancellation of a certificate under subsection (a)(2) if a certificate of amendment, certificate of cancellation, or petition for amendment or cancellation is filed within sixty (60) days after the general partner knew or should have known to the extent provided in subsection (a) that the statement in the certificate was false in any material respect.As added by P.L.147-1988, SEC.1. Amended by P.L.118-2017, SEC.69.
IN Code § 23-16-3-9 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 3. Formation and Certificate of Limited Partnership|23-16-3-9. Scope of Notice

Sec. 9. The fact that a certificate of limited partnership is on file in the office of the secretary of state is notice that the partnership is a limited partnership and is notice of all other facts that are required to be set forth in a certificate of limited partnership under section 2 of this chapter and that are set forth in the certificate.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-3-10 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 3. Formation and Certificate of Limited Partnership|23-16-3-10. Delivery of Certificates to Limited Partners

Sec. 10. The general partners shall promptly deliver or mail a copy of the certificate of limited partnership filed with the secretary of state under section 7 of this chapter to each limited partner, unless the partnership agreement provides otherwise.As added by P.L.147-1988, SEC.1. Amended by P.L.118-2017, SEC.70.
IN Code § 23-16-4-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 4. Limited Partners|23-16-4-1. Additional Limited Partners

Sec. 1. After the formation of a limited partnership, a person may be admitted as an additional limited partner:(1) in the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and(2) in the case of an assignee of a partnership interest, as provided in IC 23-16-8-4.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-4-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 4. Limited Partners|23-16-4-2. Classes or Groups of Limited Partners; Rights, Powers, and Duties; Voting

Sec. 2. (a) A partnership agreement may provide for classes or groups of limited partners having such relative rights, powers, and duties as the partnership agreement may provide, and may make provision for the future creation, in the manner provided in the partnership agreement, of additional classes or groups of limited partners having such relative rights, powers, and duties as may from time to time be established (including rights, powers, and duties senior to existing classes and groups of limited partners).(b) Subject to section 3 of this chapter, the partnership agreement may grant to all the limited partners, to certain identified limited partners, or to a specified class or group of the limited partners the right to vote (on a per capita or other basis), separately or with all or any class or group of the limited partners or the general partners, on any matter.(c) A partnership agreement that grants a right to vote may set forth provisions relating to the following:(1) Notice of the time, place, or purpose of any meeting at which any matter is to be voted on by any limited partners.(2) Waiver of the notice described in subdivision (1).(3) Action by written consent without a meeting.(4) The establishment of a record date.(5) Quorum requirements.(6) Voting in person or by proxy.(7) Any other matter concerning the exercise of a right to vote under the partnership agreement.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-4-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 4. Limited Partners|23-16-4-4. Person Erroneously Believing to Be Limited Partner

Sec. 4. (a) Except as provided in subsection (b), a person who makes a contribution to a partnership and erroneously but in good faith believes that the person has become a limited partner in the partnership is not a general partner in the partnership, and is not bound by its obligations by reason of making the contribution, receiving distributions from the partnership, or exercising any rights of a limited partner, if, within sixty (60) days after ascertaining the mistake, that person:(1) in the case of a person who wishes to be a limited partner, causes an appropriate certificate of limited partnership or a certificate of amendment to be executed and filed; or(2) in the case of a person who wishes to withdraw from the partnership, takes such action as may be necessary to withdraw.(b) A person who makes a contribution under the circumstances described in subsection (a) is liable as a general partner to any third party who transacts business with the partnership before the occurrence of either of the events referred to in subsection (a) if the third party:(1) actually believed in good faith that the person was a general partner at the time of the transaction;(2) acted in reasonable reliance on that belief; and(3) extended credit to the partnership in reasonable reliance on the credit of that person.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-4-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 4. Limited Partners|23-16-4-5. Access to Information by Limited Partner

Sec. 5. Each limited partner has the right to inspect and copy any of the partnership records required to be maintained by IC 23-16-2-6 and to obtain from the general partners, from time to time, upon reasonable demand the following:(1) True and full information regarding the state of the business and financial condition of the limited partnership.(2) Promptly after becoming available, copies of the limited partnership's federal, state, and local income tax returns for each year.(3) Other information regarding the affairs of the limited partnership as is just and reasonable.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-4-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 4. Limited Partners|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.
IN Code § 23-16-5-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 5. General Partners|23-16-5-1. Admission of Additional General Partners

Sec. 1. After the filing of a limited partnership's initial certificate of limited partnership, unless otherwise provided in the partnership agreement, additional general partners may be admitted only with the specific written consent of each partner.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-5-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 5. General Partners|23-16-5-3. General Powers and Liabilities

Sec. 3. (a) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the rights and powers of, and is subject to the restrictions of, a partner in a partnership without limited partners.(b) Except as provided in this article, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners.(c) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-5-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 5. General Partners|23-16-5-4. Contributions by General Partner

Sec. 4. (a) A general partner of a limited partnership may make contributions to the partnership, share in the profits and losses of the partnership, and share in distributions from the limited partnership as a general partner. A general partner also may make contributions and share in profits, losses, and distributions as a limited partner.(b) A person who is both a general partner and a limited partner has the rights and powers of a general partner and is subject to the restrictions and liabilities of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of the person's participation in the partnership as a limited partner.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-5-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 5. General Partners|23-16-5-5. Classes or Groups of General Partners; Rights, Powers, and Duties; Voting

Sec. 5. (a) A partnership agreement may provide for classes or groups of general partners having such relative rights, powers, and duties as the partnership agreement may provide, and may make provision for the future creation, in the manner provided in the partnership agreement, of additional classes or groups of general partners having such relative rights, powers, and duties as may from time to time be established (including rights, powers, and duties senior to existing classes and groups of general partners).(b) The partnership agreement may grant to all the general partners, or to certain identified general partners, or to a specified class or group of general partners, the right to vote (on a per capita or any other basis), separately or with all or any class or group of the limited partners on any matter.(c) A partnership agreement that grants a right to vote may set forth provisions relating to the following:(1) Notice of the time, place, or purpose of any meeting at which any matter is to be voted on by any general partners.(2) Waiver of the notice described in subdivision (1).(3) Action by written consent without a meeting.(4) The establishment of a record date.(5) Quorum requirements.(6) Voting in person or by proxy.(7) Any other matter concerning the exercise of a right to vote under the partnership agreement.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-6-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 6. Finance|23-16-6-1. Form of Contribution

Sec. 1. The contribution of a partner may be:(1) in cash, property, or services rendered; or(2) a promissory note or other obligation to contribute cash or property or to perform services.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-6-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 6. Finance|23-16-6-2. Liability for Contribution

Sec. 2. (a) A promise by a limited partner to contribute to the limited partnership is not enforceable unless set out in a writing signed by the limited partner.(b) Except as provided in the partnership agreement, a partner is obligated to the limited partnership to perform any enforceable promise to contribute cash or property or to perform services, even if the partner is unable to perform because of death, disability, or any other reason. If a partner does not make a required contribution of property or services, the partner is obligated at the option of the limited partnership to contribute cash equal to that portion of the agreed value (as stated in the partnership records of the limited partnership) of the contribution that has not been made. The option provided under this subsection is in addition to, and is not in lieu of, any other rights, including the right to specific performance, that the limited partnership may have against such a partner under the partnership agreement or applicable law.(c) Unless otherwise provided in the partnership agreement, the obligation of a partner to make a contribution or to return money or other property paid or distributed in violation of this article may be compromised only by written consent of all the partners. Notwithstanding any such compromise, a creditor of a limited partnership who extends credit or otherwise acts in reliance on that obligation after the partner signs a writing (including the partnership agreement and any amendment to the partnership agreement) that reflects the obligation and before the amendment or cancellation of the partnership agreement to reflect the compromise, may enforce the original obligation to the extent that, in extending credit, the creditor reasonably relied on the obligation of a partner to make a contribution.(d) A partnership agreement may provide that the interest of any partner who fails to make any contribution that the partner is obligated to make is subject to specified penalties for, or specified consequences of, the failure. Penalties or consequences provided for in the partnership agreement may include the following:(1) Reducing the defaulting partner's proportionate interest in the limited partnership.(2) Subordinating the defaulting partner's partnership interest to that of nondefaulting partners.(3) A forced sale of the partner's partnership interest.(4) Forfeiture of the partner's partnership interest.(5) The lending by other partners of the amount necessary to meet the defaulting partner's commitment.(6) A fixing of the value of the defaulting partner's partnership interest by appraisal or by formula and the redemption or sale of the defaulting partner's partnership interest at the fixed value.(7) Any other penalty or consequence.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-6-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 6. Finance|23-16-6-3. Sharing of Profits and Losses

Sec. 3. The profits and losses of a limited partnership shall be allocated among the partners, and among classes or groups of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the agreed value (as stated in the records of the limited partnership) of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-6-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 6. Finance|23-16-6-4. Sharing of Distributions

Sec. 4. Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes and groups of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, distributions shall be made on the basis of the agreed value (as stated in the records of the limited partnership) of the contributions made by each partner to the extent they have been received by the limited partnership and have not been returned.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-1. Interim Distributions

Sec. 1. Except as provided in this chapter, a partner is entitled to receive distributions from a limited partnership before the partner's withdrawal from the limited partnership and before the dissolution and winding up of the limited partnership to the extent and at the times or upon the happening of the events specified in the partnership agreement.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-2. Withdrawal of General Partner

Sec. 2. A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners. However, if the general partner's withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and may offset the damages against the amount otherwise distributable to the withdrawing general partner in addition to any remedies otherwise available under applicable law.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-3. Withdrawal of Limited Partner

Sec. 3. A limited partner may withdraw from a limited partnership at the time or upon the happening of events specified in the partnership agreement and in accordance with the partnership agreement. If the partnership agreement does not specify in writing:(1) the time or the events upon the happening of which a limited partner may withdraw; or(2) a definite time for the dissolution and winding up of the limited partnership;a limited partner may withdraw upon not less than six (6) months prior written notice to each general partner at the general partner's address as set forth in the certificate of limited partnership filed in the office of the secretary of state.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|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.
IN Code § 23-16-7-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-5. Distribution in Kind

Sec. 5. (a) Except as provided in the partnership agreement, a partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash.(b) Except as provided in the partnership agreement, a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to the partner exceeds a percentage of that asset that is equal to the percentage in which the partner shares in distributions from the limited partnership.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-6. Right to Distribution

Sec. 6. At the time a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-7 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-7. Limitations on Distribution

Sec. 7. A partner may not receive a distribution from a limited partnership to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, would exceed the fair value of the partnership assets.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-7-8 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 7. Distributions and Withdrawals|23-16-7-8. Liability Upon Return of Contribution

Sec. 8. (a) If a partner has received the return of any part of the partner's contribution without violation of the partnership agreement or this article, the partner is liable to the limited partnership for a period of one (1) year after receiving the return of contribution for the amount of the returned contribution, but only to the extent necessary to discharge the limited partnership's liabilities to creditors who extended credit to the limited partnership during the period the contribution was held by the partnership.(b) If a partner has received the return of any part of the partner's contribution in violation of the partnership agreement or this article, the partner is liable to the limited partnership for a period of six (6) years after receiving the return of contribution for the amount of the contribution wrongfully returned.(c) A partner receives a return of the partner's contribution to the extent that a distribution to the partner reduces the partner's share of the fair value of the net assets of the limited partnership below the agreed value (as stated in the records of the limited partnership) of the partner's contribution that has not been distributed to the partner.As added by P.L.147-1988, SEC.1.
IN Code § 23-16-8-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 16. Limited Partnerships|Chapter 8. Assignment of Partnership Interests|23-16-8-1. Nature of Partnership Interest

Sec. 1. A partnership interest is personal property. A partner has no interest in specific limited partnership property.As added by P.L.147-1988, SEC.1.