21-526. Effect of reinstatement of series limited liability company or revocation of voluntary dissolution.
53 words·~1 min read·
/ne/chapter-21/21-526A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a series limited liability company that has been administratively dissolved is reinstated, or a series limited liability company that voluntarily dissolved rescinds its dissolution:
(1)each protected series of the company ceases winding up; and
(2)section 21-152 applies to each protected series of the company in accordance with section 21-508 .