Appointment of receiver on failure to comply with act

Ind. Code § 23-4-3-5
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026

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Ind. Code § 23-4-3-5 — Appointment of receiver on failure to comply with act | Indiana Code (Aug. 2026 snapshot) | Corpus