Nebraska § 21-503 Nature of protected series

Nebraska Statutes

§ 21-503 — Nature of protected series

Nebraska § 21-503

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-503 (Nature of protected series) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-503 (2026).

Text

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.

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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.