Alabama § 10A-5A-11.03 Assets of Series

Alabama Statutes

§ 10A-5A-11.03 — Assets of Series

Alabama § 10A-5A-11.03

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 5AAlabama Limited Liability Company Law of 2014

Art. 11Series Provisions

This text of Alabama § 10A-5A-11.03 (Assets of Series) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-5A-11.03 (2026).

Text

(a)Assets of a series may be held directly or indirectly, including being held in the name of the series or in the name of the limited liability company.

(b)If the records of a series are maintained in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any assets, or by any other method in which the identity of the assets can be objectively determined, the records are considered to satisfy the requirements of Section 10A-5A-11.02(b)(1).

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(a) Assets of a series may be held directly or indirectly, including being held in the name of the series or in the name of the limited liability company.
(b) If the records of a series are maintained in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any assets, or by any other method in which the identity of the assets can be objectively determined, the records are considered to satisfy the requirements of Section 10A-5A-11.02(b)(1).