Sec. 16. "Interest" means:
(1) a share in a business corporation;
(2) a membership in a nonprofit corporation; or
(3) a governance interest or economic interest in any other type of unincorporated entity.
Ind. Code § 23-0.5-1.5-16
"Interest"
Known as the Uniform Business Organizations Administrative Provisions Act
The act spans §§ 23-0.5-1-1 to 23-0.5-9-9 (179 sections).
As added by P.L.118-2017, SEC.5
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.