Va. Code § 13.1-1089

Current with changes from the 2024 legislative session through ch. 845

Section 13.1-1089 - Nature of protected series

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.

Va. Code § 13.1-1089

2019, c. 636.

Added by Acts 2019 c. 636, § 1, eff. 7/1/2020.