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Indiana Code Title 23. Business and Other Associations § 23-0.6-1.5-16

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 16. “Interest holder liability” means:

(1) personal liability for a liability of an entity that is imposed on a person:

(A) solely by reason of the status of the person as an interest holder;  or

(B) by the organic rules of the entity which make one (1) or more specified interest holders liable in their capacity as interest holders for all or specified liabilities of the entity;  or

(2) an obligation of an interest holder under the organic rules of an entity to contribute to the entity.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-0.6-1.5-16 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-0-6-1-5-16/

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