Indiana § 23-18-4-13 - Policy
Full text of Indiana Indiana Code § 23-18-4-13 — Policy, with citation guidance and answers to common questions.
§ 23-18-4-13. Policy
Sec. 13. The policy of this article is to give the maximum effect to the principle of freedom of contract and to the enforceability of operating agreements of limited liability companies.
As added by P.L.40-2013, SEC.9.
IC 23-18-5Chapter 5. Finance
23-18-5-1Promises to contribute property or services; enforceability 23-18-5-2Obligation to make capital contribution or other payment; compromise; effect; remedies or consequences of nonpayment 23-18-5-3Allocation of profits and losses 23-18-5-4Shared distributions of cash or other assets 23-18-5-5Dissociation; companies existing on or before June 30, 1999 23-18-5-5.1Dissociation; companies formed after June 30, 1999 23-18-5-6Distributions 23-18-5-7Unlawful distributions; liability 23-18-5-8Distributions in kind 23-18-5-9Status of member entitled to receive distribution
Frequently Asked Questions About Indiana § 23-18-4-13
What does Indiana Code § 23-18-4-13 cover?
Section 23-18-4-13 ("Policy") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-18-4-13?
A common citation format is "Indiana Code § 23-18-4-13" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-18-4-13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.