The Senate Civil Law Committee heard HB 1336, sponsored by Sen. Bray, on business entities; series limited liability. Author Rep. Cox stated that this bill makes various changes to business and other association law, including allowing for the creation of series limited liability companies in Indiana. This bill also recognizes the commercial 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.
Representatives from the Indiana Secretary of State and Business Law Survey Commission testified in support of the bill. The bill passed 8-0.
Read the bill at http://iga.in.gov/legislative/2016/bills/house/1336