Nebraska § 21-517 Protected-series transferable interest

Nebraska Statutes

§ 21-517 — Protected-series transferable interest

Nebraska § 21-517

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-517 (Protected-series transferable interest) 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. § 21-517 (2026).

Text

(a)A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.

(b)If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.

(c)In addition to acquiring a protected-series transferable interest under subsection (b) of this section, a series limited liability company may acquire a protected-series transferable interest through a transfer from another person or as provided in the operating agreement.

(d)Except for subdivision (a)(3) of section 21-508 , a provision of the Nebraska Uniform Protected Series Act which applies to a prot

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(a) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.
(b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.
(c) In addition to acquiring a protected-series transferable interest under subsection (b) of this section, a series limited liability company may acquire a protected-series transferable interest through a transfer from another person or as provided in the operating agreement.
(d) Except for subdivision (a)(3) of section 21-508 , a provision of the Nebraska Uniform Protected Series Act which applies to a protected-series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. A provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.