Indiana § 23-18.1-4-6 Management of series

Indiana Statutes

§ 23-18.1-4-6 — Management of series

Indiana § 23-18.1-4-6

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 4Formation

This text of Indiana § 23-18.1-4-6 (Management 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 § 23-18.1-4-6 (2026).

Text

(a)A series may be managed, as provided in an operating agreement or series agreement, as applicable, by:

(1)the member or members associated with the series; or

(2)a manager or managers chosen by the members of the series.

(b)Unless otherwise provided in an operating agreement, the management of a series must be vested in the members associated with the series.

(c)If the operating agreement provides for a manager or managers, the manager or managers have the authority to manage the business or affairs of the series, except to the extent that the operating agreement reserves the authority to any members or class or group of members of the series.

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(a) A series may be managed, as provided in
an operating agreement or series agreement, as applicable, by:
(1) the member or members associated with the series; or
(2) a manager or managers chosen by the members of the series.
(b) Unless otherwise provided in an operating agreement, the
management of a series must be vested in the members associated with
the series.
(c) If the operating agreement provides for a manager or managers,
the manager or managers have the authority to manage the business or
affairs of the series, except to the extent that the operating agreement
reserves the authority to any members or class or group of members of
the series.