Section 23-18.1-3-1 - Organized as master limited liability company or foreign master limited liability company; designation of series(a) A master limited liability company must be organized in accordance with IC 23-18-2 and its articles of organization must authorize the designation of one (1) or more series.(b) A foreign master limited liability company must be:(1) authorized to transact business in Indiana in accordance with IC 23-0.5-5; and(2) organized under a law that allows for the designation of one (1) or more series. Its articles of organization must authorize the designation of one (1) or more series.
Amended by P.L. 118-2017,SEC. 110, eff. 1/1/2018.Added by P.L. 170-2016, SEC. 19, eff. 1/1/2017.