Agreement by Member or Manager to Be Obligated for Debts, Obligations, and Liabilities

  1. Law
  2. Indiana Code
  3. Business and Other Associations
  4. Series Limited Liability Companies
  5. Formation
  6. Agreement by Member or Manager to Be Obligated for Debts, Obligations, and Liabilities

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Sec. 5. In an operating agreement for a master limited liability company or in another written agreement, a member or manager may agree to be obligated personally for any or all of the debts, obligations, and liabilities of one (1) or more series.

As added by P.L.170-2016, SEC.19.


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