23-18-8-2. Determination of lack of authority to sue; prohibited assertions

IN Code § 23-18-8-2 (2019) (N/A)
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Sec. 2. 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.

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