Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 23-0-6-1-5-16 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 0.6 - Uniform Business Organization Transactions Act/
  6. Chapter 1.5 - Definitions23-0.6-1.5-1. Application of Definitions/
  7. § 23-0-6-1-5-16
Indiana Legal Code

§ 23-0-6-1-5-16

Ask AI about this
'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.