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Virginia Code Title 13.1. Corporations § 13.1-1099.15. Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company

Current as of January 01, 2025 | Updated by Findlaw Staff

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.).

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Cite this article: FindLaw.com - Virginia Code Title 13.1. Corporations § 13.1-1099.15. Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company - last updated January 01, 2025 | https://codes.findlaw.com/va/title-13-1-corporations/va-code-sect-13-1-1099-15/

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