Indiana Code > Title 23 > Article 18.1 > Chapter 7 – Foreign Series Limited Liability Companies
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Terms Used In Indiana Code > Title 23 > Article 18.1 > Chapter 7 - Foreign Series Limited Liability Companies
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.