Section 10A-1-6.02

Application of article.

(a) Except as provided by subsection (b), this article does not apply to a:

(1) general partnership;

(2) limited liability company;

(3) limited partnership; and

(4) nonprofit corporation.

(b) The governing documents of a general partnership or limited liability company, limited partnership, or nonprofit corporation may adopt provisions of this article or may contain enforceable provisions relating to:

(1) indemnification;

(2) advancement or reimbursement of expenses;

(3) insurance; or

(4) other arrangements.

(Act 2009-513, p. 967, §48; Act 2016-379, §4.)