Indiana – HB 1394 amends the business entity statutes

April 25, 2013

House Bill 1394 (Public Law No. 40-2013) signed by the governor April 8 and effective July 1 amends the business entity statutes to, among other things, permit limited partnerships to electronically file, transmit and sign certificates to be filed with the Secretary of State and permit LLCs to establish officers in the LLC operating agreement, conditions for dissolution and who has the right to vote, how to distribute assets upon death of a member if not addressed in operating agreement, and in the event of a merger, to file with the Secretary of State amendments to the formation document set forth in the plan of merger.

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