Indiana § 23-18.1-5-2 Holding of assets; accounting for assets separately

Indiana Statutes

§ 23-18.1-5-2 — Holding of assets; accounting for assets separately

Indiana § 23-18.1-5-2

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 5Limits on Liability

This text of Indiana § 23-18.1-5-2 (Holding of assets; accounting for assets separately) 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 § 23-18.1-5-2 (2026).

Text

(a)Assets associated with a series may be held directly or indirectly, including in the name of the series, in the name of the master limited liability company, through a nominee, or otherwise.

(b)Records maintained for a series that reasonably identify its assets, including by:

(1)specific listing;

(2)category;

(3)type;

(4)quantity;

(5)computational or allocational formula or procedure, including a percentage or share of any asset or assets; or

(6)any other method under which the identity of the assets is objectively determinable; is considered to account for the assets associated with the series separately from the other assets of the master limited liability company or any other series of the master limited liability company.

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

(a) Assets associated with a series may be
held directly or indirectly, including in the name of the series, in the
name of the master limited liability company, through a nominee, or
otherwise.
(b) Records maintained for a series that reasonably identify its
assets, including by:
(1) specific listing;
(2) category;
(3) type;
(4) quantity;
(5) computational or allocational formula or procedure, including
a percentage or share of any asset or assets; or
(6) any other method under which the identity of the assets is
objectively determinable;
is considered to account for the assets associated with the series
separately from the other assets of the master limited liability company
or any other series of the master limited liability company.