Code of Virginia § 13.1-1089. Nature of protected series.
103 words·~1 min read·
/va/title-13-1/chapter-12/13-1-1089·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 series limited liability company, subject to subsection C of § 13.1-1090 , subdivision 1 of § 13.1-1099.11 , and § 13.1-1099.12 ;
2. Another protected series of the series limited liability company;
3. A member of the series limited liability company, whether or not the member is an associated member of the protected series;
4. A protected series assignee of any protected series of the series limited liability company; and
5. An assignee of a membership interest of the series limited liability company.
2019, c. 636 .