Title 23, BUSINESS AND OTHER ASSOCIATIONS

Sec. 7. (a) "Corporation" means a public benefit, mutual benefit, or religious corporation incorporated under or subject to this article. (b) The term does not include a foreign corporation. (c) For purposes of IC 23-17-24, the term does not include a homeowners association (as d…

Sec. 8. "Delegate" means a person elected or appointed to vote in a representative assembly for the election of a director or on other matters. As added by P.L.179-1991, SEC.1.

Sec. 9. "Director" means an individual designated in articles of incorporation or bylaws, elected by the incorporators or otherwise elected or appointed, to act as a member of a board of directors. As added by P.L.179-1991, SEC.1.

Sec. 1. (a) A limited liability company may: (1) be organized under this article for any business, personal, or nonprofit purpose; and (2) conduct business in any state for any lawful purpose; unless a more limited purpose is set forth in its articles of organization. (b) A limit…

Sec. 2. Unless the limited liability company's articles of organization provide otherwise, every limited liability company has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including the following: (1) Sue, be sue…

Sec. 3. Except for the prohibitions in this article concerning the personal liability of members, managers, employees, and agents of a limited liability company organized under this article, nothing in this article is intended to restrict or limit in any manner the authority and …

Sec. 4. (a) At least one (1) person may form a limited liability company by causing articles of organization to be executed and filed for record with the office of the secretary of state. A person does not need to be a member of the limited liability company at the time of format…

Sec. 5. (a) Articles of organization of a limited liability company may be amended by filing articles of amendment of the articles of organization in the office of the secretary of state. The articles of amendment must contain the following: (1) The name of the limited liability …

Sec. 6. (a) Articles of organization may be restated at any time. Restated articles of organization must: (1) be filed with the secretary of state; (2) be specifically designated as "restated articles of organization"; and (3) state in the heading or in a separate paragraph the l…

Sec. 7. The fact that articles of organization of a limited liability company are on file in the office of the secretary of state is notice that the limited liability company has been organized and is notice of all other facts that are required to be set forth in the articles of …

Sec. 1. The following securities are exempt from the requirements of IC 23-19-3-1 through IC 23-19-3-6 and IC 23-19-5-4: (1) A security, including a revenue obligation or a separate security as defined in Rule 131 (17 CFR 230.131) adopted under the Securities Act of 1933, issued,…

Sec. 2. The following transactions are exempt from the requirements of IC 23-19-3-1 through IC 23-19-3-6 and IC 23-19-5-4: (1) An isolated nonissuer transaction, whether effected by or through a broker-dealer or not. (2) A nonissuer transaction by or through a broker-dealer regis…

Sec. 2.3. (a) This section applies to an offering under section 2(27)(O) of this chapter that is made exclusively through one (1) or more websites and each website. (b) As required by section 2(27)(O)(ii) of this chapter, the website operator shall register with the division by f…

Sec. 3. A rule adopted or order issued under this article may exempt a security, transaction, or offer; a rule under this article may exempt a class of securities, transactions, or offers from any or all of the requirements of IC 23-19-3-1 through IC 23-19-3-6 and IC 23-19-5-4; a…

Sec. 4. (a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this article may deny, suspend application of, condition, limit, or revoke an exemption created under section 1(3)(C), (1)(7), 1(8), or 2 of this ch…

Sec. 5. The commissioner may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.106-2014, SEC.5. Amended by P.L.93-2024, SEC.168.

Sec. 1. (a) The loan broker regulation account is created in the state general fund. The money in the loan broker regulation account may be used only for the regulation of loan brokers and mortgage loan originators under this article. (b) The loan broker regulation account shall …

Sec. 1. The definitions in IC 23-18-1 apply throughout this article. As added by P.L.170-2016, SEC.19.

Sec. 2. The definitions in this chapter apply throughout this article. As added by P.L.170-2016, SEC.19.

Sec. 3. "Articles of designation" means: (1) the articles of designation described in IC 23-18.1-6-2; and (2) any amended or restated articles of designation. As added by P.L.170-2016, SEC.19.

Sec. 4. "Foreign master limited liability company" means a foreign limited liability company that: (1) has filed a certificate of authority under this article; and (2) is organized under a law that allows for the designation of one (1) or more series. As added by P.L.170-2016, SE…

Sec. 5. "Master limited liability company" means a limited liability company that is formed under this article whose articles of organization authorize the designation of one (1) or more series. As added by P.L.170-2016, SEC.19.

Sec. 6. "Operating agreement" means an operating agreement, as amended from time to time, adopted for the governance of a master limited liability company. The term includes an operating agreement that: (1) sets forth the governance of any series; or (2) refers to a separate seri…

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 …

Sec. 8. "Series agreement" means an agreement, as amended from time to time, adopted for the governance of the series. As added by P.L.170-2016, SEC.19.

Sec. 9. "Series limited liability company" means a master limited liability company that has designated one (1) or more series. As added by P.L.170-2016, SEC.19.