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Indiana Code Title 23. Business and Other Associations § 23-18-4-9

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

Sec. 9. If set forth in writing, an operating agreement may provide that:

(1) a manager who fails to perform and comply with the terms and conditions of the operating agreement is subject to penalties or consequences specified in the operating agreement;  and

(2) at the time or upon the happening of events specified in the operating agreement, a manager is subject to penalties or consequences specified in the operating agreement.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-18-4-9 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-18-4-9/

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