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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 9. (a) An operating agreement may grant to:
(1) all or certain identified members or managers; or
(2) a specified class or group of members or managers;
associated with a series the right to vote separately or with all or any class or group of the members or managers associated with the series, on any matter.
(b) Voting by members or managers associated with a series may be on a per capita, number, financial interest, class, group, or any other basis.
(c) An operating agreement may provide that any member or class or group of members associated with a series has no voting rights.
Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-18.1-4-9 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-18-1-4-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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