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2022 Indiana Code
Title 23. Business and Other Associations
Article 18.1. Series Limited Liability Companies
Chapter 3. Series Limited Liability Status
23-18.1-3-2. Election of Series Limited Liability Company by Existing Limited Liability Company; Amending Articles of Incorporation; Unanimous Consent
Universal Citation:
IN Code § 23-18.1-3-2 (2022)
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Sec. 2. (a) Subject to subsection (b), an existing limited liability company may become a master limited liability company under this article by amending its articles of organization to contain, in addition to any content requirements for articles of organization under IC 23-18, a statement that the limited liability company is authorized to designate one (1) or more series.
(b) An amendment to the articles of organization under subsection (a) is not effective unless the amendment is adopted by unanimous consent of the members.
As added by P.L.170-2016, SEC.19.
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