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Ind. Code § 23-18.1-3-6

Requirements for sale, lease, exchange, or other disposition of assets

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

Sec. 6. A sale, lease, exchange, or other disposition of all or substantially all of the assets of a series limited liability company is not effective unless one (1) or more of the following apply:

(1) The transaction is in the usual and regular course of business.

(2) The transaction is approved by two-thirds (2/3) of the members, unless otherwise provided for in the operating agreement.

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