Indiana Code 23-18-2-1. Organization; purpose; regulation
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Sec. 1. (a) A limited liability company may:
(2) conduct business in any state for any lawful purpose;
(1) be organized under this article for any business, personal, or nonprofit purpose; and
Terms Used In Indiana Code 23-18-2-1
- Statute: A law passed by a legislature.
unless a more limited purpose is set forth in its articles of organization.
(b) A limited liability company must comply with any statute that regulates the limited liability company’s business.
As added by P.L.8-1993, SEC.301. Amended by P.L.40-2013, SEC.6.