Section 23-18.1-2-7 - "Series" "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.Added by P.L. 170-2016, SEC. 19, eff. 1/1/2017.