Virginia § 13.1-1099.15 Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company

Virginia Statutes

§ 13.1-1099.15 — Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company

Virginia § 13.1-1099.15

Title 13.1Corporations

Ch. 12Virginia Limited Liability Company Act

Art. 16Protected Series

This text of Virginia § 13.1-1099.15 (Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 13.1-1099.15 (2026).

Text

A.A series limited liability company may not:

1.Convert to a different type of entity;

2.Domesticate as a foreign limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.); or

3.Except as otherwise provided in § 13.1-1099.16, be a party to or the surviving company of a merger.

B.A foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.).

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A. A series limited liability company may not:

1. Convert to a different type of entity;

2. Domesticate as a foreign limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.); or

3. Except as otherwise provided in § 13.1-1099.16, be a party to or the surviving company of a merger.

B. A foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.).