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Ind. Code § 23-18.1-2-7

"Series"

As added by P.L.170-2016, SEC.19.

Sec. 7. "Series", in the context of a series limited liability company, means a limited liability company series of interest established from time to time by the filing of articles of designation that:

(1) has separate rights, powers, or duties with respect to specified property or obligations; and

(2) to the extent provided for in an operating agreement, may have a separate business purpose or investment objective from that of:

(A) the master limited liability company; or

(B) any other series of the master limited liability company.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.