§ 23-4-1-44 — Limited liability partnerships; legislative intent and policy

Indiana § 23-4-1-44

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 4: PARTNERSHIPS
• Ch. 1: Uniform Partnership Act

Text

(1) It is the intent of the legislature that the
legal existence of limited liability partnerships formed under an
agreement governed by this chapter be recognized outside the
boundaries of this state and that the laws of this state governing such
limited liability partnerships transacting business outside this state be
granted the protection of full faith and credit of the Constitution of the
United States.
(2) It is the policy of this state that the internal affairs of
partnerships, including limited liability partnerships, formed under an
agreement governed by this chapter, including the liability of partners
for debts, obligations, and liabilities of or chargeable to the partnership,
a partner, or partners, are subject to and governed by the laws of this
state.

Legislative History

As added by P.L.230-1995, SEC.9.