Indiana § 23-18.1-4-10 Elections by master limited liability company and any series

Indiana Statutes

§ 23-18.1-4-10 — Elections by master limited liability company and any series

Indiana § 23-18.1-4-10

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 4Formation

This text of Indiana § 23-18.1-4-10 (Elections by master limited liability company and any series) 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 § 23-18.1-4-10 (2026).

Text

(a)A master limited liability company and any of its series may elect any of the following:

(1)To consolidate their operations as a single taxpayer to the extent permitted under applicable law.

(2)To work cooperatively.

(3)To contract jointly.

(4)To be treated as a single business for purposes of qualification to do business in Indiana or any other state.

(b)Any elections under subsection (a) do not affect the limitation of liability set forth in IC 23-18.1-5-1 except to the extent that two (2) or more series have specifically accepted joint or joint and several liability by contract.

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(a) A master limited liability company and
any of its series may elect any of the following:
(1) To consolidate their operations as a single taxpayer to the
extent permitted under applicable law.
(2) To work cooperatively.
(3) To contract jointly.
(4) To be treated as a single business for purposes of qualification
to do business in Indiana or any other state.
(b) Any elections under subsection (a) do not affect the limitation
of liability set forth in IC 23-18.1-5-1 except to the extent that two (2)
or more series have specifically accepted joint or joint and several
liability by contract.