Neb. Rev. Stat. §§ 21-503

Current with changes through the 2024 First Special Legislative Session

Section 21-503 - Nature of protected series

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

(1) the company, subject to subsection (c) of section 21-504, subdivision (1) of section 21-524, and subsection (d) of section 21-525;

(2) another protected series of the company;

(3) a member of the company, whether or not the member is an associated member of the protected series;

(4) a protected-series transferee of a protected series of the company; and

(5) a transferee of a transferable interest of the company.

Neb. Rev. Stat. §§ 21-503

Laws 2018, LB 1121, § 4.

Added by Laws 2018, LB 1121,§ 4, eff. 1/1/2021.