Indiana § 23-18.1-4-4 Series with limited liability treated as separate entity; authority of
series

Indiana Statutes

§ 23-18.1-4-4 — Series with limited liability treated as separate entity; authority of series

Indiana § 23-18.1-4-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 4Formation

This text of Indiana § 23-18.1-4-4 (Series with limited liability treated as separate entity; authority of 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 § 23-18.1-4-4 (2026).

Text

(a)A series with limited liability must be treated as a separate entity to the extent set forth in the articles of organization of the master limited liability company.

(b)Each series with limited liability may, in its own name, do all the following:

(1)Contract.

(2)Hold title to assets, including real, personal, and intangible property.

(3)Grant liens and security interests.

(4)Sue and be sued.

(5)Otherwise conduct business and exercise the powers of a limited liability company under this article.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A series with limited liability must be
treated as a separate entity to the extent set forth in the articles of
organization of the master limited liability company.
(b) Each series with limited liability may, in its own name, do all the
following:
(1) Contract.
(2) Hold title to assets, including real, personal, and intangible
property.
(3) Grant liens and security interests.
(4) Sue and be sued.
(5) Otherwise conduct business and exercise the powers of a
limited liability company under this article.