§ 13.1-1089 — Nature of protected series

Virginia § 13.1-1089

• Jurisdiction: Virginia
• Title 13.1: Corporations
• Ch. 12: Virginia Limited Liability Company Act
• Art. 16: Protected Series

Text

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

1. The series limited liability company, subject to subsection C of § 13.1-1090, subdivision 1 of § 13.1-1099.11, and § 13.1-1099.12;

2. Another protected series of the series limited liability company;

3. A member of the series limited liability company, whether or not the member is an associated member of the protected series;

4. A protected series assignee of any protected series of the series limited liability company; and

5. An assignee of a membership interest of the series limited liability company.

Legislative History

2019, c. 636.