{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1099.20.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1099.20.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1099.20.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1099.20.html"}],"law_id":84015,"edition_id":1,"section_id":84015,"structure_id":13582,"section_number":"13.1-1099.20","catch_line":"Application of \u00a7 13.1-1099.10 after merger","history":"2019, c. 636.","full_text":"A\n\nA creditor&#8217;s right that existed under \u00a7 13.1-1099.10 immediately before a merger under \u00a7 13.1-1099.16 may be enforced after the merger in accordance with the following rules:1\n\nA creditor&#8217;s right that existed immediately before the merger against the surviving company, a continuing protected series, or a relocated protected series continues without change after the merger.2\n\nA creditor&#8217;s right that existed immediately before the merger against a non-surviving company:\n\t\t\t\ta. May be asserted against an asset of the non-surviving company that vested in the surviving company as a result of the merger; and\n\t\t\t\tb. Does not otherwise change.3\n\nSubject to subsection B, the following rules apply:\n\t\t\t\ta. In addition to the remedy stated in subdivision 1, a creditor with a right under \u00a7 13.1-1099.10 that existed immediately before the merger against a non-surviving company or a relocated protected series may assert the right against:1\n\nAn asset of the surviving company, other than an asset of the non-surviving company that vested in the surviving company as a result of the merger;2\n\nAn asset of a continuing protected series;3\n\nAn asset of a protected series established by the surviving company as a result of the merger;4\n\nIf the creditor&#8217;s right was against an asset of the non-surviving company, an asset of a relocated protected series; or5\n\nIf the creditor&#8217;s right was against an asset of a relocated protected series, an asset of a relocated protected series.\n\t\t\t\t\tb. In addition to the remedy stated in subdivision 2, a creditor with a right that existed immediately before the merger against the surviving company or a continuing protected series may assert the right against:1\n\nAn asset of a relocated protected series; or2\n\nAn asset of a non-surviving company that vested in the surviving company as a result of the merger.B\n\nFor the purposes of subdivision A 3 and subdivisions B 1a, B 2a, and B 3a of &#xA7; 13.1-1099.10, the incurrence date is deemed to be the date on which the merger becomes effective.C\n\nA merger under &#xA7; 13.1-1099.16 does not affect the manner in which &#xA7; 13.1-1099.10 applies to a liability incurred after the merger.","order_by":null,"text":{"0":{"id":301089,"text":"A creditor&#8217;s right that existed under \u00a7 13.1-1099.10 immediately before a merger under \u00a7 13.1-1099.16 may be enforced after the merger in accordance with the following rules:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":301090,"text":"A creditor&#8217;s right that existed immediately before the merger against the surviving company, a continuing protected series, or a relocated protected series continues without change after the merger.","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":301091,"text":"A creditor&#8217;s right that existed immediately before the merger against a non-surviving company:\n\t\t\t\ta. May be asserted against an asset of the non-surviving company that vested in the surviving company as a result of the merger; and\n\t\t\t\tb. Does not otherwise change.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":301092,"text":"Subject to subsection B, the following rules apply:\n\t\t\t\ta. In addition to the remedy stated in subdivision 1, a creditor with a right under \u00a7 13.1-1099.10 that existed immediately before the merger against a non-surviving company or a relocated protected series may assert the right against:","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A31"},"4":{"id":301093,"text":"An asset of the surviving company, other than an asset of the non-surviving company that vested in the surviving company as a result of the merger;","type":"section","prefixes":["A","3","1"],"prefix":"1","entire_prefix":"A31","prefix_anchor":"A31","level":3,"prior_prefix":"A3","next_prefix":"A32"},"5":{"id":301094,"text":"An asset of a continuing protected series;","type":"section","prefixes":["A","3","2"],"prefix":"2","entire_prefix":"A32","prefix_anchor":"A32","level":3,"prior_prefix":"A31","next_prefix":"A33"},"6":{"id":301095,"text":"An asset of a protected series established by the surviving company as a result of the merger;","type":"section","prefixes":["A","3","3"],"prefix":"3","entire_prefix":"A33","prefix_anchor":"A33","level":3,"prior_prefix":"A32","next_prefix":"A34"},"7":{"id":301096,"text":"If the creditor&#8217;s right was against an asset of the non-surviving company, an asset of a relocated protected series; or","type":"section","prefixes":["A","3","4"],"prefix":"4","entire_prefix":"A34","prefix_anchor":"A34","level":3,"prior_prefix":"A33","next_prefix":"A35"},"8":{"id":301097,"text":"If the creditor&#8217;s right was against an asset of a relocated protected series, an asset of a relocated protected series.\n\t\t\t\t\tb. In addition to the remedy stated in subdivision 2, a creditor with a right that existed immediately before the merger against the surviving company or a continuing protected series may assert the right against:","type":"section","prefixes":["A","3","5"],"prefix":"5","entire_prefix":"A35","prefix_anchor":"A35","level":3,"prior_prefix":"A34","next_prefix":"A31"},"9":{"id":301098,"text":"An asset of a relocated protected series; or","type":"section","prefixes":["A","3","1"],"prefix":"1","entire_prefix":"A31","prefix_anchor":"A31","level":3,"prior_prefix":"A35","next_prefix":"A32"},"10":{"id":301099,"text":"An asset of a non-surviving company that vested in the surviving company as a result of the merger.","type":"section","prefixes":["A","3","2"],"prefix":"2","entire_prefix":"A32","prefix_anchor":"A32","level":3,"prior_prefix":"A31","next_prefix":"B"},"11":{"id":301100,"text":"For the purposes of subdivision A 3 and subdivisions B 1a, B 2a, and B 3a of &#xA7; 13.1-1099.10, the incurrence date is deemed to be the date on which the merger becomes effective.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A32","next_prefix":"C"},"12":{"id":301101,"text":"A merger under &#xA7; 13.1-1099.16 does not affect the manner in which &#xA7; 13.1-1099.10 applies to a liability incurred after the merger.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13582,"edition_id":1,"name":"Protected Series","identifier":"16","label":"article","depth":3,"order_by":1,"parent_id":12817,"metadata":{},"date_created":"2026-06-26 03:45:18","date_modified":"2026-06-26 03:45:18","permalink":{"id":148583,"object_type":"structure","relational_id":13582,"identifier":"16","token":"13.1\/12\/16","url":"\/13.1\/12\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12817,"edition_id":1,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":148351,"object_type":"structure","relational_id":12817,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":66470,"structure_id":13582,"section_number":"13.1-1088","catch_line":"Definitions","url":"\/13.1-1088\/","token":"13.1\/12\/16\/13.1-1088","metadata":false},{"id":74889,"structure_id":13582,"section_number":"13.1-1089","catch_line":"Nature of protected series","url":"\/13.1-1089\/","token":"13.1\/12\/16\/13.1-1089","metadata":false},{"id":59342,"structure_id":13582,"section_number":"13.1-1090","catch_line":"Powers and duration of protected series","url":"\/13.1-1090\/","token":"13.1\/12\/16\/13.1-1090","metadata":false},{"id":55148,"structure_id":13582,"section_number":"13.1-1091","catch_line":"Governing law","url":"\/13.1-1091\/","token":"13.1\/12\/16\/13.1-1091","metadata":false},{"id":62538,"structure_id":13582,"section_number":"13.1-1092","catch_line":"Relation of operating agreement, this article, and the other articles of this chapter","url":"\/13.1-1092\/","token":"13.1\/12\/16\/13.1-1092","metadata":false},{"id":84976,"structure_id":13582,"section_number":"13.1-1093","catch_line":"Additional limitations on operating agreement","url":"\/13.1-1093\/","token":"13.1\/12\/16\/13.1-1093","metadata":false},{"id":84390,"structure_id":13582,"section_number":"13.1-1094","catch_line":"Rules for applying other articles of this chapter to specified provisions of this article","url":"\/13.1-1094\/","token":"13.1\/12\/16\/13.1-1094","metadata":false},{"id":62260,"structure_id":13582,"section_number":"13.1-1095","catch_line":"Protected series designation; amendment","url":"\/13.1-1095\/","token":"13.1\/12\/16\/13.1-1095","metadata":false},{"id":57931,"structure_id":13582,"section_number":"13.1-1096","catch_line":"Name","url":"\/13.1-1096\/","token":"13.1\/12\/16\/13.1-1096","metadata":false},{"id":56560,"structure_id":13582,"section_number":"13.1-1097","catch_line":"Registered office and registered agent","url":"\/13.1-1097\/","token":"13.1\/12\/16\/13.1-1097","metadata":false},{"id":62325,"structure_id":13582,"section_number":"13.1-1098","catch_line":"Service of process, notice, or demand","url":"\/13.1-1098\/","token":"13.1\/12\/16\/13.1-1098","metadata":false},{"id":54545,"structure_id":13582,"section_number":"13.1-1099","catch_line":"Effectiveness of notice","url":"\/13.1-1099\/","token":"13.1\/12\/16\/13.1-1099","metadata":false},{"id":83120,"structure_id":13582,"section_number":"13.1-1099.1","catch_line":"Annual registration fees","url":"\/13.1-1099.1\/","token":"13.1\/12\/16\/13.1-1099.1","metadata":false},{"id":79166,"structure_id":13582,"section_number":"13.1-1099.10","catch_line":"Enforcement of claim against non-associated asset","url":"\/13.1-1099.10\/","token":"13.1\/12\/16\/13.1-1099.10","metadata":false},{"id":55453,"structure_id":13582,"section_number":"13.1-1099.11","catch_line":"Events causing dissolution of protected series","url":"\/13.1-1099.11\/","token":"13.1\/12\/16\/13.1-1099.11","metadata":false},{"id":63314,"structure_id":13582,"section_number":"13.1-1099.12","catch_line":"Winding up dissolved protected series; voluntary cancellation","url":"\/13.1-1099.12\/","token":"13.1\/12\/16\/13.1-1099.12","metadata":false},{"id":57119,"structure_id":13582,"section_number":"13.1-1099.13","catch_line":"Waiver of cancellation upon dissolution; reinstatement of series limited liability company","url":"\/13.1-1099.13\/","token":"13.1\/12\/16\/13.1-1099.13","metadata":false},{"id":75947,"structure_id":13582,"section_number":"13.1-1099.14","catch_line":"Protected series may not be party to entity transaction","url":"\/13.1-1099.14\/","token":"13.1\/12\/16\/13.1-1099.14","metadata":false},{"id":59476,"structure_id":13582,"section_number":"13.1-1099.15","catch_line":"Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company","url":"\/13.1-1099.15\/","token":"13.1\/12\/16\/13.1-1099.15","metadata":false},{"id":73456,"structure_id":13582,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","url":"\/13.1-1099.16\/","token":"13.1\/12\/16\/13.1-1099.16","metadata":false},{"id":77582,"structure_id":13582,"section_number":"13.1-1099.17","catch_line":"Plan of merger","url":"\/13.1-1099.17\/","token":"13.1\/12\/16\/13.1-1099.17","metadata":false},{"id":69595,"structure_id":13582,"section_number":"13.1-1099.18","catch_line":"Articles of merger","url":"\/13.1-1099.18\/","token":"13.1\/12\/16\/13.1-1099.18","metadata":false},{"id":57317,"structure_id":13582,"section_number":"13.1-1099.19","catch_line":"Effect of merger","url":"\/13.1-1099.19\/","token":"13.1\/12\/16\/13.1-1099.19","metadata":false},{"id":87340,"structure_id":13582,"section_number":"13.1-1099.2","catch_line":"Associated assets","url":"\/13.1-1099.2\/","token":"13.1\/12\/16\/13.1-1099.2","metadata":false},{"id":84015,"structure_id":13582,"section_number":"13.1-1099.20","catch_line":"Application of \u00a7 13.1-1099.10 after merger","url":"\/13.1-1099.20\/","token":"13.1\/12\/16\/13.1-1099.20","metadata":false},{"id":81612,"structure_id":13582,"section_number":"13.1-1099.21","catch_line":"Governing law; foreign series limited liability companies and foreign protected series","url":"\/13.1-1099.21\/","token":"13.1\/12\/16\/13.1-1099.21","metadata":false},{"id":63955,"structure_id":13582,"section_number":"13.1-1099.22","catch_line":"No attribution of activities constituting transacting business or for establishing jurisdiction","url":"\/13.1-1099.22\/","token":"13.1\/12\/16\/13.1-1099.22","metadata":false},{"id":67053,"structure_id":13582,"section_number":"13.1-1099.23","catch_line":"Registration of foreign series limited liability company and foreign protected series; amended application; voluntary cancellation; reinstatement","url":"\/13.1-1099.23\/","token":"13.1\/12\/16\/13.1-1099.23","metadata":false},{"id":74322,"structure_id":13582,"section_number":"13.1-1099.24","catch_line":"Disclosure required when foreign series limited liability company or foreign protected series subject to proceeding","url":"\/13.1-1099.24\/","token":"13.1\/12\/16\/13.1-1099.24","metadata":false},{"id":73126,"structure_id":13582,"section_number":"13.1-1099.25","catch_line":"Uniformity of application and construction","url":"\/13.1-1099.25\/","token":"13.1\/12\/16\/13.1-1099.25","metadata":false},{"id":70064,"structure_id":13582,"section_number":"13.1-1099.26","catch_line":"Effect on certain actions","url":"\/13.1-1099.26\/","token":"13.1\/12\/16\/13.1-1099.26","metadata":false},{"id":79318,"structure_id":13582,"section_number":"13.1-1099.27","catch_line":"Relation to Electronic Signatures in Global and National Commerce Act","url":"\/13.1-1099.27\/","token":"13.1\/12\/16\/13.1-1099.27","metadata":false},{"id":83034,"structure_id":13582,"section_number":"13.1-1099.3","catch_line":"Associated members","url":"\/13.1-1099.3\/","token":"13.1\/12\/16\/13.1-1099.3","metadata":false},{"id":83613,"structure_id":13582,"section_number":"13.1-1099.4","catch_line":"Protected series membership interests","url":"\/13.1-1099.4\/","token":"13.1\/12\/16\/13.1-1099.4","metadata":false},{"id":55609,"structure_id":13582,"section_number":"13.1-1099.5","catch_line":"Management","url":"\/13.1-1099.5\/","token":"13.1\/12\/16\/13.1-1099.5","metadata":false},{"id":63606,"structure_id":13582,"section_number":"13.1-1099.6","catch_line":"Right of person not associated member of protected series to information concerning protected series","url":"\/13.1-1099.6\/","token":"13.1\/12\/16\/13.1-1099.6","metadata":false},{"id":64314,"structure_id":13582,"section_number":"13.1-1099.7","catch_line":"Limitations on liability","url":"\/13.1-1099.7\/","token":"13.1\/12\/16\/13.1-1099.7","metadata":false},{"id":59684,"structure_id":13582,"section_number":"13.1-1099.8","catch_line":"Claim seeking to disregard limitation of liability","url":"\/13.1-1099.8\/","token":"13.1\/12\/16\/13.1-1099.8","metadata":false},{"id":59181,"structure_id":13582,"section_number":"13.1-1099.9","catch_line":"Remedies of judgment creditor of associated member or protected series assignee","url":"\/13.1-1099.9\/","token":"13.1\/12\/16\/13.1-1099.9","metadata":false}],"previous_section":{"id":87340,"structure_id":13582,"section_number":"13.1-1099.2","catch_line":"Associated assets","url":"\/13.1-1099.2\/","token":"13.1\/12\/16\/13.1-1099.2","metadata":false},"next_section":{"id":81612,"structure_id":13582,"section_number":"13.1-1099.21","catch_line":"Governing law; foreign series limited liability companies and foreign protected series","url":"\/13.1-1099.21\/","token":"13.1\/12\/16\/13.1-1099.21","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1099.20\/","history_text":"<p>This law was first created in 2019. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0636\">636<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":84976,"section_number":"13.1-1093","catch_line":"Additional limitations on operating agreement","order_by":null,"url":"\/13.1-1093\/"},{"id":79166,"section_number":"13.1-1099.10","catch_line":"Enforcement of claim against non-associated asset","order_by":null,"url":"\/13.1-1099.10\/"},{"id":73456,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","order_by":null,"url":"\/13.1-1099.16\/"}],"refers_to":[{"id":79166,"section_number":"13.1-1099.10","catch_line":"Enforcement of claim against non-associated asset","order_by":null,"url":"\/13.1-1099.10\/"},{"id":73456,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","order_by":null,"url":"\/13.1-1099.16\/"}],"permalink":{"id":148681,"object_type":"law","relational_id":84015,"identifier":"13.1-1099.20","token":"13.1\/12\/16\/13.1-1099.20","url":"\/13.1-1099.20\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1099.20\/","token":"13.1\/12\/16\/13.1-1099.20","dublin_core":{"Title":"Application of \u00a7 13.1-1099.10 after merger","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1099.20","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A <span class=\"dictionary\">creditor<\/span>&#8217;s right that existed under \u00a7&nbsp;<a class=\"law\" title=\"Enforcement of claim against non-associated asset\" href=\"\/13.1-1099.10\/\">13.1-1099.10<\/a> immediately <span class=\"dictionary\">before a merger<\/span> under \u00a7&nbsp;<a class=\"law\" title=\"Merger authorized; parties restricted\" href=\"\/13.1-1099.16\/\">13.1-1099.16<\/a> may be enforced <span class=\"dictionary\">after the merger<\/span> in accordance with the following rules: <a id=\"paragraph-301089\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> A <span class=\"dictionary\">creditor<\/span>&#8217;s right that existed immediately <span class=\"dictionary\">before the merger<\/span> against the <span class=\"dictionary\">surviving company<\/span>, a <span class=\"dictionary\">continuing protected series<\/span>, or a <span class=\"dictionary\">relocated protected series<\/span> continues without change <span class=\"dictionary\">after the merger<\/span>. <a id=\"paragraph-301090\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> A <span class=\"dictionary\">creditor<\/span>&#8217;s right that existed immediately <span class=\"dictionary\">before the merger<\/span> against a <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span>:\n\t\t\t\ta. May be asserted against an <span class=\"dictionary\">asset<\/span> of the <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span> that vested in the <span class=\"dictionary\">surviving company<\/span> as a result of the merger; and\n\t\t\t\tb. Does not otherwise change. <a id=\"paragraph-301091\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Subject to subsection B, the following rules apply:\n\t\t\t\ta. In addition to the remedy stated in subdivision 1, a <span class=\"dictionary\">creditor<\/span> with a right under \u00a7&nbsp;<a class=\"law\" title=\"Enforcement of claim against non-associated asset\" href=\"\/13.1-1099.10\/\">13.1-1099.10<\/a> that existed immediately <span class=\"dictionary\">before the merger<\/span> against a <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span> or a <span class=\"dictionary\">relocated protected series<\/span> may assert the right against: <a id=\"paragraph-301092\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A31\" class=\"indent-2\"><p><span class=\"prefix-number\">1.<\/span> An <span class=\"dictionary\">asset<\/span> of the <span class=\"dictionary\">surviving company<\/span>, other than an <span class=\"dictionary\">asset<\/span> of the <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span> that vested in the <span class=\"dictionary\">surviving company<\/span> as a result of the merger; <a id=\"paragraph-301093\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A31\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A32\" class=\"indent-2\"><p><span class=\"prefix-number\">2.<\/span> An <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">continuing protected series<\/span>; <a id=\"paragraph-301094\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A32\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A33\" class=\"indent-2\"><p><span class=\"prefix-number\">3.<\/span> An <span class=\"dictionary\">asset<\/span> of a protected series established by the <span class=\"dictionary\">surviving company<\/span> as a result of the merger; <a id=\"paragraph-301095\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A33\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A34\" class=\"indent-2\"><p><span class=\"prefix-number\">4.<\/span> If the <span class=\"dictionary\">creditor<\/span>&#8217;s right was against an <span class=\"dictionary\">asset<\/span> of the <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span>, an <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">relocated protected series<\/span>; or <a id=\"paragraph-301096\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A34\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A35\" class=\"indent-2\"><p><span class=\"prefix-number\">5.<\/span> If the <span class=\"dictionary\">creditor<\/span>&#8217;s right was against an <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">relocated protected series<\/span>, an <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">relocated protected series<\/span>.\n\t\t\t\t\tb. In addition to the remedy stated in subdivision 2, a <span class=\"dictionary\">creditor<\/span> with a right that existed immediately <span class=\"dictionary\">before the merger<\/span> against the <span class=\"dictionary\">surviving company<\/span> or a <span class=\"dictionary\">continuing protected series<\/span> may assert the right against: <a id=\"paragraph-301097\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A35\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A31\" class=\"indent-2\"><p><span class=\"prefix-number\">1.<\/span> An <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">relocated protected series<\/span>; or <a id=\"paragraph-301098\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A31\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A32\" class=\"indent-2\"><p><span class=\"prefix-number\">2.<\/span> An <span class=\"dictionary\">asset<\/span> of a <span class=\"dictionary\">non-<span class=\"dictionary\">surviving company<\/span><\/span> that vested in the <span class=\"dictionary\">surviving company<\/span> as a result of the merger. <a id=\"paragraph-301099\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#A32\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> For the purposes of subdivision A 3 and subdivisions B 1a, B 2a, and B 3a of &#xA7; <a class=\"law\" title=\"Enforcement of claim against non-associated asset\" href=\"\/13.1-1099.10\/\">13.1-1099.10<\/a>, the incurrence date is deemed to be the date on which the merger becomes effective. <a id=\"paragraph-301100\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> A merger under &#xA7; <a class=\"law\" title=\"Merger authorized; parties restricted\" href=\"\/13.1-1099.16\/\">13.1-1099.16<\/a> does not affect the manner in which &#xA7; <a class=\"law\" title=\"Enforcement of claim against non-associated asset\" href=\"\/13.1-1099.10\/\">13.1-1099.10<\/a> applies to a liability incurred <span class=\"dictionary\">after the merger<\/span>. <a id=\"paragraph-301101\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.20\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICATION OF \u00a7 13.1-1099.10 AFTER MERGER (\u00a7 13.1-1099.20)\n\nA. A creditor&#8217;s right that existed under \u00a7 13.1-1099.10 immediately\nbefore a merger under \u00a7 13.1-1099.16 may be enforced after the merger in\naccordance with the following rules:\n\n   1. A creditor&#8217;s right that existed immediately before the merger against\n   the surviving company, a continuing protected series, or a relocated protected\n   series continues without change after the merger.\n\n   2. A creditor&#8217;s right that existed immediately before the merger against\n   a non-surviving company:\n   \t\t\t\ta. May be asserted against an asset of the non-surviving company that\n   vested in the surviving company as a result of the merger; and\n   \t\t\t\tb. Does not otherwise change.\n\n   3. Subject to subsection B, the following rules apply:\n   \t\t\t\ta. In addition to the remedy stated in subdivision 1, a creditor with a\n   right under \u00a7 13.1-1099.10 that existed immediately before the merger against\n   a non-surviving company or a relocated protected series may assert the right\n   against:\n\n      1. An asset of the surviving company, other than an asset of the\n      non-surviving company that vested in the surviving company as a result of\n      the merger;\n\n      2. An asset of a continuing protected series;\n\n      3. An asset of a protected series established by the surviving company as a\n      result of the merger;\n\n      4. If the creditor&#8217;s right was against an asset of the non-surviving\n      company, an asset of a relocated protected series; or\n\n      5. If the creditor&#8217;s right was against an asset of a relocated\n      protected series, an asset of a relocated protected series.\n      \t\t\t\t\tb. In addition to the remedy stated in subdivision 2, a creditor with a\n      right that existed immediately before the merger against the surviving\n      company or a continuing protected series may assert the right against:\n\n      1. An asset of a relocated protected series; or\n\n      2. An asset of a non-surviving company that vested in the surviving company\n      as a result of the merger.\n\nB. For the purposes of subdivision A 3 and subdivisions B 1a, B 2a, and B 3a of\n&#xA7; 13.1-1099.10, the incurrence date is deemed to be the date on which the\nmerger becomes effective.\n\nC. A merger under &#xA7; 13.1-1099.16 does not affect the manner in which &#xA7;\n13.1-1099.10 applies to a liability incurred after the merger.\n\nHISTORY: 2019, c. 636.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}