- (a) Subject to subsection (b), a series limited liability company may terminate its status as a series limited liability company and cease to be subject to this article by amending its articles of organization to delete the statement in its articles of organization required under section 1 of this chapter. All associated series terminate upon the effective date of the amendment.
- (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.