Sec. 1. (a) A master limited liability company must be organized in accordance with IC 23-18-2 and its articles of organization must authorize the designation of one (1) or more series.
(b) A foreign master limited liability company must be:
(1) authorized to transact business in Indiana in accordance with IC 23-0.5-5; and
(2) organized under a law that allows for the designation of one (1) or more series.
Its articles of organization must authorize the designation of one (1) or more series.
As added by P.L.170-2016, SEC.19. Amended by P.L.118-2017, SEC.110.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18.1. Series Limited Liability Companies
Chapter 3. Series Limited Liability Status
23-18.1-3-3. Plan of Merger, Consolidation, Conversion, or Share Exchange; Unanimous Consent
23-18.1-3-4. Terminating Status; Unanimous Consent
23-18.1-3-6. Requirements for Sale, Lease, Exchange, or Other Disposition of Assets