Code of Virginia § 13.1-1099.14. Protected series may not be party to entity transaction.
70 words·~1 min read·
/va/title-13-1/chapter-12/13-1-1099-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A protected series may not:
1. Be a party to a merger;
2. Convert to a different type of entity;
3. Domesticate as a protected series under the laws of a foreign jurisdiction; or
4. Be a party to or be formed, organized, established, or created in a transaction substantially like an interest exchange, a conversion, or a domestication.
2019, c. 636 ; 2021, Sp. Sess. I, c. 487 .