Indiana Statutes
§ 23-18-2-1 — Organization; purpose; regulation
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 18 LIMITED LIABILITY COMPANIES·Ch. 2 Organization and Powers
(a)A limited liability company may:
(1)be organized under this article for any business, personal, or
nonprofit purpose; and
(2)conduct business in any state for any lawful purpose;
unless a more limited purpose is set forth in its articles of organization.
(b)A limited liability company must comply with any statute that
regulates the limited liability company's business.
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Legislative History
As added by P.L.8-1993, SEC.301. Amended by P.L.40-2013,
SEC.6.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"