Ind. Code § 23-0.6-1.5-16
This is the official text of Ind. Code § 23-0.6-1.5-16, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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"Interest holder liability"
Official statutory text
Sec. 16. "Interest holder liability" means:
(1) personal liability for a liability of an entity that is imposed on a person:
(A) solely by reason of the status of the person as an interest holder; or
(B) by the organic rules of the entity which make one (1) or more specified interest holders liable in their capacity as interest holders for all or specified liabilities of the entity; or
(2) an obligation of an interest holder under the organic rules of an entity to contribute to the entity.
As added by P.L.118-2017, SEC.6.
(1) personal liability for a liability of an entity that is imposed on a person:
(A) solely by reason of the status of the person as an interest holder; or
(B) by the organic rules of the entity which make one (1) or more specified interest holders liable in their capacity as interest holders for all or specified liabilities of the entity; or
(2) an obligation of an interest holder under the organic rules of an entity to contribute to the entity.
As added by P.L.118-2017, SEC.6.
Status: in_force · Read it on the official government site
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