Indiana Code Title 23. Business and Other Associations § 23-18.1-4-6

Sec. 6. (a) A series may be managed, as provided in an operating agreement or series agreement, as applicable, by:

(b) Unless otherwise provided in an operating agreement, the management of a series must be vested in the members associated with the series.

(c) If the operating agreement provides for a manager or managers, the manager or managers have the authority to manage the business or affairs of the series, except to the extent that the operating agreement reserves the authority to any members or class or group of members of the series.