Section 1706.76 - Separate asset series-designation by operating agreement(A) An operating agreement may establish or provide for the establishment of one or more designated series of assets that has both of the following: (1) Either or both of the following: (a) Separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations;(b) A separate purpose or investment objective.(2) At least one member associated with each series.(B) A series established in accordance with division (A) of this section may carry on any activity, whether or not for profit.Added by 133rd General Assembly, SB 276,§1, eff. 4/12/2021.