Sec. 3. The fact that:

(1) the articles of organization of a master limited liability company contain the notice of the limitation on liabilities of a series as required by section 1 of this chapter; and

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Terms Used In Indiana Code 23-18.1-5-3

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2) articles of designation for the series are on file with the office of the secretary of state;

constitutes notice of the limitation on liabilities of a series.

As added by P.L.170-2016, SEC.19.