Indiana Code 23-18.1-4-5. Agreement by member or manager to be obligated for debts, obligations, and liabilities
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Terms Used In Indiana Code 23-18.1-4-5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sec. 5. In an operating agreement for a master limited liability company or in another written agreement, a member or manager may agree to be obligated personally for any or all of the debts, obligations, and liabilities of one (1) or more series.
As added by P.L.170-2016, SEC.19.