Indiana Code 23-18.1-2-7. “Series”
Current as of: 2023 | Check for updates
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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:
(2) to the extent provided for in an operating agreement, may have a separate business purpose or investment objective from that of:
(1) has separate rights, powers, or duties with respect to specified property or obligations; and
Terms Used In Indiana Code 23-18.1-2-7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(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.