Indiana Code
Ind. Code § 23-4-1-12 (2026)
Partnership charged with knowledge of or notice to partner
✓ current as of May 2026
Sec. 12. Notice to any partner of any matter relating to partnership affairs, and the knowledge of the partner acting in the particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably could and should have communicated it to the acting partner, operate as notice or knowledge of the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.
Formerly: Acts 1949, c.114, s.12.
Notes of Decisions
Cited in 2
cases, 1980–1983 · leading case: Patsy Paris v. United States Dep't of Hous. & Urban Dev., 713 F.2d 1341 (7th Cir. 1983).
Patsy Paris v. United States Dep't of Hous. & Urban Dev., 713 F.2d 1341 (7th Cir. 1983). “Thus Toller does indeed have the power, in response to an order of the court, to bind Tee Harbor Associates either to reconvey the property or to enter into a Housing Assistance Payments Contract with the government.”
Suburban Elec. Co. v. Lake Cnty. Trust Co., 412 N.E.2d 295 (Ind. Ct. App. 1980). “In support, Suburban cites Ind. Code 23-4-1-12 which provides that notice to any partner of partnership business operates as notice to the partnership.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.