Sec. 16. "Operating agreement" means any written or oral agreement of the members as to the affairs of a limited liability company and the conduct of its business that is binding upon all the members.
Ind. Code § 23-18-1-16
"Operating agreement"
Applied in 1 court decision — leading case Apple Glen Crossing, LLC v. Trademark Retail, Inc. (2003)
Most recently applied in Apple Glen Crossing, LLC v. Trademark Retail, Inc. (March 2003)
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.