Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 12. Virginia Limited Liability Company Act |
ARTICLE 16. Protected Series |
SECTION 13.1-1099.14. (Effective July 1, 2021) Protected series may not be party to entity transaction |
SECTION 13.1-1099.14. (Effective July 1, 2021) Protected series may not be party to entity transaction
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 a merger, interest exchange, conversion, or domestication. 2019, c. 636 . |