Indiana § 23-18.1-7-1 Foreign master limited liability company; register to do business

Indiana Statutes

§ 23-18.1-7-1 — Foreign master limited liability company; register to do business

Indiana § 23-18.1-7-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 7Foreign Series Limited Liability Companies

This text of Indiana § 23-18.1-7-1 (Foreign master limited liability company; register to do business) 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 § 23-18.1-7-1 (2026).

Text

(a)A foreign master limited liability company, as permitted in the jurisdiction of its organization, that has:

(1)established one (1) or more series having separate rights, powers, or duties; and

(2)limited the liabilities of the series so that the debts, liabilities, and obligations incurred, contracted for, or otherwise existing with respect to:

(A)a particular series, are enforceable against the assets of the series only, and not against the assets of the master limited liability company generally or any other series of the master limited liability company; and

(B)the master limited liability company generally or any other series of the master limited liability company, are not enforceable against the assets of the series; may, on behalf of itself or any of its series, register to

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(a) A foreign master limited liability
company, as permitted in the jurisdiction of its organization, that has:
(1) established one (1) or more series having separate rights,
powers, or duties; and
(2) limited the liabilities of the series so that the debts, liabilities,
and obligations incurred, contracted for, or otherwise existing
with respect to:
(A) a particular series, are enforceable against the assets of the
series only, and not against the assets of the master limited
liability company generally or any other series of the master
limited liability company; and
(B) the master limited liability company generally or any other
series of the master limited liability company, are not
enforceable against the assets of the series;
may, on behalf of itself or any of its series, register to do business in
Indiana in accordance with IC 23-0.5-5-3.
(b) Any series of a foreign master limited liability company
described in subsection (a) may, on behalf of the series, register to do
business in Indiana in accordance with IC 23-0.5-5-3.