Indiana § 23-18.1-3-5 Plan of merger, consolidation, conversion, or share exchange affecting
status; unanimous consent

Indiana Statutes

§ 23-18.1-3-5 — Plan of merger, consolidation, conversion, or share exchange affecting status; unanimous consent

Indiana § 23-18.1-3-5

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 3Series Limited Liability Status

This text of Indiana § 23-18.1-3-5 (Plan of merger, consolidation, conversion, or share exchange affecting 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 § 23-18.1-3-5 (2026).

Text

(a)This section does not apply to a limited liability company that is a party to a merger if the members of the limited liability company are not entitled to vote on the merger under IC 23-0.6-2-3.

(b)If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a limited liability company as a series limited liability company, the plan must be adopted by unanimous consent of the members in order to be effective.

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(a) This section does not apply to a limited
liability company that is a party to a merger if the members of the
limited liability company are not entitled to vote on the merger under
IC 23-0.6-2-3.
(b) If a plan of merger, consolidation, conversion, or share exchange
would have the effect of terminating the status of a limited liability
company as a series limited liability company, the plan must be
adopted by unanimous consent of the members in order to be effective.