Indiana Code

Ind. Code § 23-18-2-1 (2026)

Organization; purpose; regulation

✓ current as of May 2026
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     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 limited liability company must comply with any statute that regulates the limited liability company's business.

As added by P.L.8-1993, SEC.301. Amended by P.L.40-2013, SEC.6.