SECTION 13.1-1099.13. (Effective July 1, 2021) Waiver of cancellation upon dissolution; reinstatement of series limited liability company  

A. If after dissolution the members of a series limited liability company waive the right to have the series limited liability company's affairs wound up and its existence canceled:

1. Each protected series of the series limited liability company ceases winding up; and

2. The provisions of § 13.1-1047.1 stating the results of the waiver apply to each protected series of the series limited liability company in accord with § 13.1-1047.1 .

B. A protected series that has ceased to exist may have its existence reinstated in accordance with § 13.1-1047.1 as if it were a limited liability company, provided that the series limited liability company that established the protected series is in existence.

2019, c. 13.1-1047.1 .