Sec. 13. "Majority in interest of the members" means the members who have made more than fifty percent (50%) of the agreed value, as stated in the records of the limited liability company, of the total contributions made by all members, to the extent that the contributions have not been previously returned.
As added by P.L.8-1993, SEC.301.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
23-18-1-1. Citation of Article
23-18-1-2. Application of Definitions
23-18-1-3. "Articles of Organization"
23-18-1-8. "Event of Dissociation"
23-18-1-9. "Foreign Limited Liability Company"
23-18-1-11. "Limited Liability Company" or "Domestic Limited Liability Company"
23-18-1-12. "Limited Partnership"
23-18-1-13. "Majority in Interest of the Members"
23-18-1-16. "Operating Agreement"