Indiana § 23-18.1-7-3 Liability limited

Indiana Statutes

§ 23-18.1-7-3 — Liability limited

Indiana § 23-18.1-7-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 18.1SERIES LIMITED LIABILITY COMPANIES

Ch. 7Foreign Series Limited Liability Companies

This text of Indiana § 23-18.1-7-3 (Liability limited) 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 § 23-18.1-7-3 (2026).

Text

Unless otherwise provided in the operating agreement and to the extent provided under the laws of the jurisdiction of organization of the foreign master limited liability company, the debts, liabilities, and obligations incurred, contracted for, or otherwise existing with respect to:

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

(2)a foreign master limited liability company generally, are not enforceable against the assets of a particular series of the foreign master limited liability company; or

(3)any series of the foreign master limited liability company,

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Unless otherwise provided in the operating
agreement and to the extent provided under the laws of the jurisdiction
of organization of the foreign master limited liability company, the
debts, liabilities, and obligations incurred, contracted for, or otherwise
existing with respect to:
(1) a particular series of a foreign master limited liability
company, are enforceable against the assets of the series only, and
not against the assets of the foreign master limited liability
company generally or any other series of the foreign master
limited liability company;
(2) a foreign master limited liability company generally, are not
enforceable against the assets of a particular series of the foreign
master limited liability company; or
(3) any series of the foreign master limited liability company, are
not enforceable against the assets of any other series of the
foreign master limited liability company.