Indiana Code 23-18-1-9. “Foreign limited liability company”
Current as of: 2023 | Check for updates
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Sec. 9. “Foreign limited liability company” means an entity that is:
(2) organized under a statute that affords each member of the entity limited liability with respect to the activities and ownership of the entity; and
(1) an unincorporated association organized under the laws of a state other than Indiana or another jurisdiction, including a foreign country;
Terms Used In Indiana Code 23-18-1-9
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Statute: A law passed by a legislature.
(3) not required to obtain a certificate of registration as a foreign limited partnership under IC 23-16 or qualify to transact business as a foreign business trust under IC 23-5.
As added by P.L.8-1993, SEC.301.