Sec. 16. "Interest holder liability" means:
(1) personal liability for a liability of an entity that is imposed on a person:
(A) solely by reason of the status of the person as an interest holder; or
(B) by the organic rules of the entity which make one (1) or more specified interest holders liable in their capacity as interest holders for all or specified liabilities of the entity; or
(2) an obligation of an interest holder under the organic rules of an entity to contribute to the entity.
As added by P.L.118-2017, SEC.6.
Structure Indiana Code
Title 23. Business and Other Associations
Article 0.6. Uniform Business Organization Transactions Act
23-0.6-1.5-1. Application of Definitions
23-0.6-1.5-2. "Acquired Entity"
23-0.6-1.5-3. "Acquiring Entity"
23-0.6-1.5-5. "Articles of Conversion"
23-0.6-1.5-6. "Articles of Domestication"
23-0.6-1.5-7. "Articles of Interest Exchange"
23-0.6-1.5-8. "Articles of Merger"
23-0.6-1.5-10. "Converted Entity"
23-0.6-1.5-11. "Converting Entity"
23-0.6-1.5-12. "Domesticated Entity"
23-0.6-1.5-13. "Domesticating Entity"
23-0.6-1.5-14. "Domestication"
23-0.6-1.5-15. "Interest Exchange"
23-0.6-1.5-16. "Interest Holder Liability"
23-0.6-1.5-18. "Merging Entity"
23-0.6-1.5-21. "Plan of Conversion"
23-0.6-1.5-22. "Plan of Domestication"
23-0.6-1.5-23. "Plan of Interest Exchange"