Note: This version of section effective until 1-1-2018. See also following version of this section, effective 1-1-2018.

1. (b) A foreign master limited liability company must be:

   1. (1) authorized to transact business in Indiana in accordance with IC 23-18-11 ; and
   2. (2) organized under a law that allows for the designation of one

   3. (1) or more series.

      Its articles of organization must authorize the designation of one (1) or more series.

Sec. 1. (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.

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