Nebraska § 21-503 Nature of protected series

Nebraska Statutes

§ 21-503 — Nature of protected series

Nebraska·Ch. 21 Corporations and Other Companies

A protected series of a series limited liability company is a person distinct from:

(1)the company, subject to subsection (c) of section 21-504 , subdivision (1) of section 21-524 , and subsection (d) of section 21-525 ;

(2)another protected series of the company;

(3)a member of the company, whether or not the member is an associated member of the protected series;

(4)a protected-series transferee of a protected series of the company; and

(5)a transferee of a transferable interest of the company.

Free access — add to your briefcase to read the full text and ask questions with AI

A protected series of a series limited liability company is a person distinct from:
(1) the company, subject to subsection (c) of section 21-504 , subdivision (1) of section 21-524 , and subsection (d) of section 21-525 ;
(2) another protected series of the company;
(3) a member of the company, whether or not the member is an associated member of the protected series;
(4) a protected-series transferee of a protected series of the company; and
(5) a transferee of a transferable interest of the company.

Nebraska § 21-503 (Nature of protected series) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.