Sec. 7. Except as otherwise provided in an operating agreement, any event under this article or in an operating agreement that causes a manager to cease to be a manager with respect to a series does not, in itself, cause the manager to cease to be a manager of the master limited liability company or with respect to 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
23-18.1-4-1. Operating Agreement Requirement
23-18.1-4-3. Establishment of Classes or Groups of Members or Managers
23-18.1-4-4. Series With Limited Liability Treated as Separate Entity; Authority of Series
23-18.1-4-5. Agreement by Member or Manager to Be Obligated for Debts, Obligations, and Liabilities
23-18.1-4-6. Management of Series
23-18.1-4-7. Cease to Be Manager of Series; Limitation of Effect
23-18.1-4-10. Elections by Master Limited Liability Company and Any Series