The House Judiciary Committee heard HB 1336, on business entities; series limited liability, authored by Rep. Cox and Rep. DeLaney This bill makes various changes to the business and other association law, including allowing for the creation of series limited liability companies in Indiana. Additionally, this bill recognizes the business court pilot, stating that a case may also be filed in or transferred to a business or commercial court docket established or designated by law or Supreme Court rule.
A technical amendment was adopted by consent. Representatives from the Indiana Secretary of State’s office and Business Law Survey Commission testified in support of the bill. The amended passed 11-0.
Read the bill at https://iga.in.gov/legislative/2016/bills/house/1336