Sec. 5. If such surviving partner or partners shall fail to file such inventory, appraisement, and list of liabilities, and bond, as in this chapter provided, or shall fail or refuse to take upon him or themselves the settlement of the business of such firm, the judge of the court having probate jurisdiction, upon petition filed by anyone interested in the settlement of such partnership, shall appoint a receiver to settle the affairs of such partnership, who shall proceed to settle the same as though a voluntary assignment for the benefit of the creditors had been made by the surviving partner or partners of such firm.
Formerly: Acts 1877, c.86, s.5. As amended by P.L.34-1987, SEC.322.
Structure Indiana Code
Title 23. Business and Other Associations
Chapter 3. Accounting by Surviving Partners
23-4-3-1. Settling and Closing Affairs
23-4-3-2. Inventory and Appraisal
23-4-3-3. Affidavit of Correctness of Inventory; List of Liabilities
23-4-3-5. Appointment of Receiver on Failure to Comply With Act
23-4-3-6. Petition to Appoint Receiver; Notice