"Interest holder liability"

Ind. Code § 23-0.6-1.5-16
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026

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