Sec. 10. "Interest" means a member's economic rights in the limited liability company, including the member's share of the profits and losses of the limited liability company and the right to receive distributions from the limited liability company.
Ind. Code § 23-18-1-10
"Interest"
Applied in 4 court decisions — leading case 2008 Pa. Super. 281 - Zokaites v. Pittsburgh Irish Pubs, LLC. (2008)
Most recently applied in Walro v. Lee Group Holding Co. (In re Lee) (December 2014)
As added by P.L.8-1993, SEC.301.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.