Sec. 3. (a) A series with limited liability may be amended by filing with the secretary of state articles of designation.

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Terms Used In Indiana Code 23-18.1-6-3

  • 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.
     (b) The articles of designation must contain all the following to amend the series:

(1) The name of the series.

(2) The date that the articles of designation forming the series were filed.

(3) The amendment to the articles of designation.

     (c) Articles of designation of a series may be amended at any time that the members determine if the articles of designation, as amended, contain only provisions that may be lawfully contained in articles of designation at the time the amendment is made.

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

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