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Ind. Code § 23-16-4-6

Admission of limited partners

As added by P.L.147-1988, SEC.1.

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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.