21-514. Information required in biennial report; effect of failure to provide.
97 words·~1 min read·
/ne/chapter-21/21-514A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In the biennial report required by section 21-125 , a series limited liability company shall include the name of each protected series of the company:
(1)for which the company has previously delivered to the Secretary of State for filing a protected-series designation; and
(2)which has not dissolved and completed winding up.
(b)A failure by a series limited liability company to comply with subsection
(a)of this section with regard to a protected series prevents issuance of a certificate of existence pertaining to the protected series but does not otherwise affect the protected series.