Statutes, codes, and regulations
Indiana Code
Title 23 - BUSINESS AND OTHER ASSOCIATIONSArticle 18 - LIMITED LIABILITY COMPANIES
Chapter 8 - SUITS BY AND AGAINST A LIMITED LIABILITY COMPANY
Section 23-18-8-2 - Determination of lack of authority to sue; prohibited assertions

Ind. Code § 23-18-8-2

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Current through P.L. 171-2024
Section 23-18-8-2 - Determination of lack of authority to sue; prohibited assertions

A determination that a member or manager does not have authority to sue on behalf of the limited liability company under section 1 of this chapter may not be asserted for the following:

(1) As a defense to an action brought by the limited liability company.
(2) As a basis for the limited liability company to bring a subsequent suit on the same cause of action.

IC 23-18-8-2

As added by P.L. 8-1993, SEC.301.