Sec. 2. (a) Articles of designation shall be filed for each respective series.

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Terms Used In Indiana Code 23-18.1-6-2

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
     (b) The articles of designation must contain the following:

(1) The name of the series.

(2) A statement as to whether the series is member or manager managed.

     (c) The filing of the articles of designation with the secretary of state is conclusive evidence, except as against the state, that all conditions precedent required to be performed have been complied with and that the series has been or will be legally organized and formed under this article. The existence of the series begins upon the filing of the articles of designation with the secretary of state.

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

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