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

1. Law
2. Code of Virginia
3. Corporations
4. Virginia Limited Liability Company Act
5. Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company

A. A series limited liability company may not:

1. Convert to a different type of entity;

2. Domesticate as a foreign limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.); or

3. Except as otherwise provided in § 13.1-1099.16, be a party to or the surviving company of a merger.

B. A foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.).

2019, c. 636.

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