Sec. 7. (a) A court may enforce an operating agreement by injunction or by granting other relief that the court in its discretion determines to be fair and appropriate in the circumstances.
(b) As an alternative to injunctive or other equitable relief, when the provisions under IC 23-18-9-2 are applicable, the court may order dissolution of the limited liability company.
As added by P.L.8-1993, SEC.301.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
Chapter 4. Rights and Duties of Members and Managers
23-18-4-1. Authority of Members or Managers
23-18-4-3. Affirmative Vote, Approval, or Consent; Requirements
23-18-4-4. Written Operating Agreement
23-18-4-5. Operating Agreements; Objectives
23-18-4-6. Initial Operating Agreement; Amendments; Power of Attorney
23-18-4-7. Enforcement of Operating Agreement; Injunctive or Other Relief
23-18-4-8. Records; Inspection; Full Disclosure; Omissions
23-18-4-9. Managerial Omissions; Penalties or Consequences
23-18-4-10. Good Faith Reliance on Records by Members or Managers; Liability
23-18-4-11. Resignation of Manager