Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 12. Virginia Limited Liability Company Act |
ARTICLE 16. Protected Series |
SECTION 13.1-1099.16. (Effective July 1, 2021) Merger authorized; parties restricted |
A series limited liability company may be party to a merger in accordance with Article 13 (§ 13.1-1069.1 et seq.), this section, and §§ 13.1-1069.1 through 13.1-1069.1 only if: 1. Each party to the merger is a limited liability company; and 2. The surviving company is not created in the merger. 2019, c. 13.1-1069.1 . |