Code · Nebraska · Chapter 21 — Corporations and Other Companies

21-503. Nature of protected series.

86 words·~1 min read·/ne/chapter-21/21-503

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.