16-20-1002. Notice of limitation on liability of a series.
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Effective 10/1/2026
16-20-1002. Notice of limitation on liability of a series.
(a)Notice in a limited liability company's certificate of organization of the limitation on liabilities of a series as referenced in Subsection 16-20-1001(2)(e) is sufficient for all purposes of this part whether or not the limited liability company has established a series at the time the notice is included in the certificate of organization.
(b)For a certificate of organization or an amendment to a certificate of organization made to include notice of series that is filed on or after May 12, 2015, notice in a company's certificate of organization is sufficient for purposes of Subsection
(1)only if the notice of series appears immediately following the provision stating the name of the company.
(2)The notice of a limitation on liability of a series as referenced in Subsection 16-20-1001(2)(e) is not required to reference a specific series.
(3)The filing by the division of the certificate of organization containing a notice of the limitation on liabilities of a series constitutes notice of the limitation on liabilities of the series.
Renumbered and Amended by Chapter 92 , 2026 General Session