§ 23-18.1-4-1 Operating agreement requirement
§ 23-18.1-4-2 Establishment of designated series of members, managers, or limited liability company interests
§ 23-18.1-4-3 Establishment of classes or groups of members or managers
§ 23-18.1-4-4 Series with limited liability treated as separate entity; authority of series
§ 23-18.1-4-5 Agreement by member or manager to be obligated for debts, obligations, and liabilities
§ 23-18.1-4-6 Management of series
§ 23-18.1-4-7 Cease to be manager of series; limitation of effect
§ 23-18.1-4-8 Assignment, transfer, or redemption of member’s limited liability company interest; cease association with series; limitation of effect
§ 23-18.1-4-9 Voting rights
§ 23-18.1-4-10 Elections by master limited liability company and any series
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Terms Used In Indiana Code > Title 23 > Article 18.1 > Chapter 4 - Formation

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5