Ind. Code § 23-18.1-2-7
"Series"
Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective
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- Citation
- Ind. Code § 23-18.1-2-7, "Series", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1653985
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Full text
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:
(1) has separate rights, powers, or duties with respect to specified property or obligations; and
(2) to the extent provided for in an operating agreement, may have a separate business purpose or investment objective from that of:
(A) the master limited liability company; or
(B) any other series of the master limited liability company.