Indiana Statutes
§ 23-18.1-3-4 — Terminating status; unanimous consent
Indiana § 23-18.1-3-4
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 18.1SERIES LIMITED LIABILITY COMPANIES
Ch. 3Series Limited Liability Status
This text of Indiana § 23-18.1-3-4 (Terminating status; unanimous consent) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-18.1-3-4 (2026).
Text
(a)Subject to subsection (b), a series limited
liability company may terminate its status as a series limited liability
company and cease to be subject to this article by amending its articles
of organization to delete the statement in its articles of organization
required under section 1 of this chapter. All associated series terminate
upon the effective date of the amendment.
(b)An amendment to the articles of organization under subsection
(a)is not effective unless the amendment is adopted by unanimous
consent of the members.
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Legislative History
As added by P.L.170-2016, SEC.19.
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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-18.1-3-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-18.1-3-4.