Virginia Limited Liability Company Act

  1. Law
  2. Code of Virginia
  3. Corporations
  4. Virginia Limited Liability Company Act

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Section
13.1-1000

Short title

Section
13.1-1001

Reservation of power to amend or repeal

Section
13.1-1001.1

Construction

Section
13.1-1002

Definitions

Section
13.1-1003

Filing requirements

Section
13.1-1003.1

Filings with the Commission pursuant to reorganization

Section
13.1-1004

Issuance of certificate by Commission; recordation of documents

Section
13.1-1005

Fees

Section
13.1-1006

Penalty for signing false documents

Section
13.1-1007

Unlawful to transact or offer to transact business as a limited liability company unless authorized

Section
13.1-1008

Purposes

Section
13.1-1009

Powers

Section
13.1-1010

Organizers

Section
13.1-1010.1

Repealed

Section
13.1-1011

Articles of organization

Section
13.1-1011.1

Articles of correction

Section
13.1-1012

Name

Section
13.1-1013

Reserved name

Section
13.1-1014

Amendment of articles of organization

Section
13.1-1014.1

Restatement of articles of organization

Section
13.1-1015

Registered office and registered agent

Section
13.1-1016

Change of registered office or registered agent

Section
13.1-1017

Resignation of registered agent

Section
13.1-1018

Service on limited liability company

Section
13.1-1018.1

Change of principal office

Section
13.1-1019

Liability to third parties

Section
13.1-1020

Parties to actions

Section
13.1-1021

Limited liability company property

Section
13.1-1021.1

Agency of members and managers

Section
13.1-1022

Management of limited liability company

Section
13.1-1023

Operating agreement

Section
13.1-1023.1

Remedies for breach of operating agreement by member or manager

Section
13.1-1024

Management of a limited liability company by a manager or managers

Section
13.1-1024.1

General standards of conduct for a manager

Section
13.1-1025

Limitation of liability of members and managers; exception

Section
13.1-1026

Business transactions of members or managers with the limited liability company

Section
13.1-1027

Contributions

Section
13.1-1028

Information and records

Section
13.1-1029

Sharing of profits and losses

Section
13.1-1030

Sharing of distributions

Section
13.1-1031

Interim distributions

Section
13.1-1032

Resignation of member

Section
13.1-1033

Repealed

Section
13.1-1034

Distribution in kind

Section
13.1-1035

Restrictions on making distribution

Section
13.1-1036

Liability upon wrongful distribution

Section
13.1-1037

Right to distribution

Section
13.1-1038

Nature of interest in limited liability company

Section
13.1-1038.1

Admission of members

Section
13.1-1039

Assignment of interest

Section
13.1-1040

Right of assignee to become member

Section
13.1-1040.1

Events causing member's dissociation

Section
13.1-1040.2

Effect of a member's dissociation

Section
13.1-1041

Repealed

Section
13.1-1041.1

Member's transferable interest subject to charging order

Section
13.1-1042

Right of action; standing; condition precedent; stay of proceeding

Section
13.1-1043

Proper plaintiff

Section
13.1-1044

Pleading

Section
13.1-1045

Expenses

Section
13.1-1046

Dissolution; generally

Section
13.1-1047

Judicial dissolution

Section
13.1-1047.1

Waiver of cancellation

Section
13.1-1048

Winding up

Section
13.1-1049

Distribution of assets upon dissolution

Section
13.1-1049.1

Known claims against dissolved limited liability company

Section
13.1-1049.2

Other claims against dissolved limited liability company

Section
13.1-1049.3

Court proceedings

Section
13.1-1050

Articles of cancellation

Section
13.1-1050.1

Repealed

Section
13.1-1050.2

Automatic cancellation of limited liability company existence

Section
13.1-1050.3

Involuntary cancellation of limited liability company existence

Section
13.1-1050.4

Reinstatement of a limited liability company that has ceased to exist

Section
13.1-1050.5

Survival of remedy after cancellation of existence

Section
13.1-1051

Authority to transact business required; governing law

Section
13.1-1052

Application for certificate of registration

Section
13.1-1053

Repealed

Section
13.1-1054

Name of foreign limited liability company

Section
13.1-1055

Amendments; amended applications for registration

Section
13.1-1056

Voluntary cancellation of certificate of registration

Section
13.1-1056.1

Automatic cancellation of certificate of registration

Section
13.1-1056.2

Involuntary cancellation of certificate of registration

Section
13.1-1056.3

Reinstatement of a certificate of registration that has been canceled

Section
13.1-1057

Transaction of business without registration

Section
13.1-1058

Actions by Attorney General

Section
13.1-1059

Transactions not constituting doing business

Section
13.1-1060

Merger of foreign limited liability company registered to transact business in Commonwealth

Section
13.1-1060.1

Entity conversion of foreign limited liability company registered to transact business in Commonwealth

Section
13.1-1061

Annual registration fees to be assessed and collected by Commission; application of payment

Section
13.1-1062

Assessment of annual registration fees; annual registration fees to be paid by domestic and foreign limited liability companies

Section
13.1-1063

Repealed

Section
13.1-1064

Penalty for failure to timely pay annual registration fees

Section
13.1-1065

Payment of fees, fines, penalties, and interest prerequisite to Commission action; refunds

Section
13.1-1066

Collection of unpaid bills for annual registration fees

Section
13.1-1067

Property title records

Section
13.1-1067.1

Repealed

Section
13.1-1068

Repealed

Section
13.1-1069

Repealed

Section
13.1-1069.1

Definitions

Section
13.1-1070

Merger

Section
13.1-1071

Action on a plan of merger

Section
13.1-1072

Articles of merger

Section
13.1-1073

Effect of merger

Section
13.1-1073.1

Abandonment of merger

Section
13.1-1074

Definitions

Section
13.1-1075

Domestication

Section
13.1-1076

Action on plan of domestication by a domestic limited liability company

Section
13.1-1077

Articles of domestication

Section
13.1-1078

Surrender of articles of organization upon domestication

Section
13.1-1079

Effect of domestication

Section
13.1-1080

Abandonment of domestication

Section
13.1-1081

Definitions

Section
13.1-1082

Entity conversion

Section
13.1-1083

Plan of entity conversion

Section
13.1-1084

Action on plan of entity conversion

Section
13.1-1085

Articles of entity conversion

Section
13.1-1086

Effect of entity conversion

Section
13.1-1087

Abandonment of entity conversion

Section
13.1-1088

Definitions

Section
13.1-1089

Nature of protected series

Section
13.1-1090

Powers and duration of protected series

Section
13.1-1091

Governing law

Section
13.1-1092

Relation of operating agreement, this article, and the other articles of this chapter

Section
13.1-1093

Additional limitations on operating agreement

Section
13.1-1094

Rules for applying other articles of this chapter to specified provisions of this article

Section
13.1-1095

Protected series designation; amendment

Section
13.1-1096

Name

Section
13.1-1097

Registered office and registered agent

Section
13.1-1098

Service of process, notice, or demand

Section
13.1-1099

Effectiveness of notice

Section
13.1-1099.1

Annual registration fees

Section
13.1-1099.2

Associated assets

Section
13.1-1099.3

Associated members

Section
13.1-1099.4

Protected series membership interests

Section
13.1-1099.5

Management

Section
13.1-1099.6

Right of person not associated member of protected series to information concerning protected series

Section
13.1-1099.7

Limitations on liability

Section
13.1-1099.8

Claim seeking to disregard limitation of liability

Section
13.1-1099.9

Remedies of judgment creditor of associated member or protected series assignee

Section
13.1-1099.10

Enforcement of claim against non-associated asset

Section
13.1-1099.11

Events causing dissolution of protected series

Section
13.1-1099.12

Winding up dissolved protected series; voluntary cancellation

Section
13.1-1099.13

Waiver of cancellation upon dissolution; reinstatement of series limited liability company

Section
13.1-1099.14

Protected series may not be party to entity transaction

Section
13.1-1099.15

Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company

Section
13.1-1099.16

Merger authorized; parties restricted

Section
13.1-1099.17

Plan of merger

Section
13.1-1099.18

Articles of merger

Section
13.1-1099.19

Effect of merger

Section
13.1-1099.20

Application of § 13.1-1099.10 after merger

Section
13.1-1099.21

Governing law; foreign series limited liability companies and foreign protected series

Section
13.1-1099.22

No attribution of activities constituting transacting business or for establishing jurisdiction

Section
13.1-1099.23

Registration of foreign series limited liability company and foreign protected series; amended application; voluntary cancellation; reinstatement

Section
13.1-1099.24

Disclosure required when foreign series limited liability company or foreign protected series subject to proceeding

Section
13.1-1099.25

Uniformity of application and construction

Section
13.1-1099.26

Effect on certain actions

Section
13.1-1099.27

Relation to Electronic Signatures in Global and National Commerce Act