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.
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