Sec. 7. "Series", in the context of a series limited liability company, means a limited liability company series of interest established from time to time by the filing of articles of designation that:
(1) has separate rights, powers, or duties with respect to specified property or obligations; and
(2) to the extent provided for in an operating agreement, may have a separate business purpose or investment objective from that of:
(A) the master limited liability company; or
(B) any other series of the master limited liability company.
As added by P.L.170-2016, SEC.19.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18.1. Series Limited Liability Companies
23-18.1-2-1. Application of Limited Liability Company Definitions
23-18.1-2-2. Application of Definitions
23-18.1-2-3. "Articles of Designation"
23-18.1-2-4. "Foreign Master Limited Liability Company"
23-18.1-2-5. "Master Limited Liability Company"
23-18.1-2-6. "Operating Agreement"