Go to previous versions
of
this Section
2023 Indiana Code
Title 23. Business and Other Associations
Article 18.1. Series Limited Liability Companies
Chapter 4. Formation
23-18.1-4-6. Management of Series
Universal Citation:
IN Code § 23-18.1-4-6 (2023)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Sec. 6. (a) A series may be managed, as provided in an operating agreement or series agreement, as applicable, by:
(1) the member or members associated with the series; or
(2) a manager or managers chosen by the members of the series.
(b) Unless otherwise provided in an operating agreement, the management of a series must be vested in the members associated with the series.
(c) If the operating agreement provides for a manager or managers, the manager or managers have the authority to manage the business or affairs of the series, except to the extent that the operating agreement reserves the authority to any members or class or group of members of the series.
As added by P.L.170-2016, SEC.19.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.