Indiana § 23-18.1-6-4 Dissolution; contents of articles of designation; dissolution decree;
effect

Indiana Statutes

§ 23-18.1-6-4 — Dissolution; contents of articles of designation; dissolution decree; effect

Indiana § 23-18.1-6-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 6Filing Requirements, Fees, and Other Administrative

This text of Indiana § 23-18.1-6-4 (Dissolution; contents of articles of designation; dissolution decree; effect) 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 § 23-18.1-6-4 (2026).

Text

(a)A series with limited liability may be dissolved by filing with the secretary of state articles of designation. The articles of designation must contain all the following to dissolve the series:

(1)The name of the series being dissolved.

(2)The date the articles of designation forming the series were filed.

(3)The date dissolution occurred.

(b)The master limited liability company and any series of the master limited liability company may be voluntarily or administratively dissolved in the same manner as provided for in IC 23-18-9 and IC 23-0.5-6.

(c)On application by or for a member or manager associated with a series, the circuit or superior court of the county in which the master limited liability company's:

(1)principal office; or

(2)if there is no principal office in Indiana

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(a) A series with limited liability may be
dissolved by filing with the secretary of state articles of designation.
The articles of designation must contain all the following to dissolve
the series:
(1) The name of the series being dissolved.
(2) The date the articles of designation forming the series were
filed.
(3) The date dissolution occurred.
(b) The master limited liability company and any series of the
master limited liability company may be voluntarily or administratively
dissolved in the same manner as provided for in IC 23-18-9 and IC 23-0.5-6.
(c) On application by or for a member or manager associated with
a series, the circuit or superior court of the county in which the master
limited liability company's:
(1) principal office; or
(2) if there is no principal office in Indiana, registered office;
is located, may decree dissolution of the series whenever it is not
reasonably practicable to carry on the business of the series in
conformity with the operating agreement of the master limited liability
company.
(d) Except to the extent otherwise provided in the operating
agreement, a series may be dissolved and its affairs wound up without
causing the dissolution of the master limited liability company or any
other series of the master limited liability company. The dissolution of
a series does not affect the limitation on liabilities of the series
provided in IC 23-18.1-5.
(e) The dissolution of the master limited liability company shall
cause the dissolution of any series of the master limited liability
company.