Ind. Code § 23-18-8-1
Persons entitled to bring suit in name of company
Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective
Cite this
- Citation
- Ind. Code § 23-18-8-1, Persons entitled to bring suit in name of company, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1653950
- Permanent ID
ys:prov:1653950@1- SHA-256
151f6585e751162192c16c4f933694bab6513ee5e69247cf9dc2b080d31495fd
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 1. Except as otherwise provided in a written operating agreement, a suit on behalf of a limited liability company may be brought in the name of the limited liability company by the following:
(1) A member of a limited liability company, whether or not the articles of organization provide for a manager or managers, who is authorized to sue by the affirmative vote of a majority in interest of the members, unless the vote of all members is required under IC 23-18-4-3. In determining the vote, the vote of a member who has an interest in the outcome of the suit that is adverse to the interest of the limited liability company shall be excluded.
(2) If the articles of organization provide for a manager or managers, a manager who is authorized to do so by the articles of organization, an operating agreement, or a vote required under IC 23-18-4-3(b). In determining the vote, the vote of a manager who has an interest in the outcome of the suit that is adverse to the interest of the limited liability company shall be excluded.