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Indiana Code Title 23. Business and Other Associations § 23-16-3-3

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 3. (a) A certificate of limited partnership is amended by filing a certificate of amendment in the office of the secretary of state.  The certificate of amendment must include the following:

(1) The name of the limited partnership.

(2) The amendment to the certificate of limited partnership.

(b) Within sixty (60) days after any of the following events occurs, an amendment to a certificate of limited partnership reflecting the occurrence of the event or events must be filed:

(1) The admission of a new general partner.

(2) The withdrawal of a general partner.

(3) The continuation of the business under IC 23-16-9-1 after an event of withdrawal of a general partner.

(4) The discovery by a general partner that any statement in the certificate of limited partnership was false when made.

(5) The discovery by a general partner that any facts or arrangements described in the certificate of limited partnership have changed, making the certificate inaccurate in any respect.

(c) The filing of an amendment reflecting the occurrence of an event referred to in subsection (b) within the time required under subsection (b) absolves a person from any liability that might arise because the certificate did not reflect the occurrence of that event before the filing of the amendment.

(d) A certificate of limited partnership may be amended at any time for any other proper purpose the general partners may determine.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-16-3-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-16-3-3/

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