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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84976</law_id><section_number>13.1-1093</section_number><catch_line>Additional limitations on operating agreement</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1092</reference><reference>13.1-1094</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="12">Virginia Limited Liability Company Act</unit><unit label="article" level="3" order_by="1" identifier="16">Protected Series</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> An <span class="dictionary">operating agreement</span> shall not vary the effect of: <a id="paragraph-304586" class="section-permalink" href="https://vacode.org/13.1-1093/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> This section; <a id="paragraph-304587" class="section-permalink" href="https://vacode.org/13.1-1093/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Section <a class="law" title="Nature of protected series" href="/13.1-1089/">13.1-1089</a>; <a id="paragraph-304588" class="section-permalink" href="https://vacode.org/13.1-1093/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> Subsection A of &#xA7; <a class="law" title="Powers and duration of protected series" href="/13.1-1090/">13.1-1090</a>; <a id="paragraph-304589" class="section-permalink" href="https://vacode.org/13.1-1093/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> Subsection B of &#xA7; <a class="law" title="Powers and duration of protected series" href="/13.1-1090/">13.1-1090</a> to provide a <span class="dictionary">protected series</span> a power in addition to the powers provided to a <span class="dictionary">limited liability company</span> under the other articles of this chapter; <a id="paragraph-304590" class="section-permalink" href="https://vacode.org/13.1-1093/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> The limitations stated in subsection C or D of &#xA7; <a class="law" title="Powers and duration of protected series" href="/13.1-1090/">13.1-1090</a>; <a id="paragraph-304591" class="section-permalink" href="https://vacode.org/13.1-1093/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> Section <a class="law" title="Governing law" href="/13.1-1091/">13.1-1091</a>; <a id="paragraph-304592" class="section-permalink" href="https://vacode.org/13.1-1093/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> Section <a class="law" title="Relation of operating agreement, this article, and the other articles of this chapter" href="/13.1-1092/">13.1-1092</a>; <a id="paragraph-304593" class="section-permalink" href="https://vacode.org/13.1-1093/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="A8" class="indent-1"><p><span class="prefix-number">8.</span> Section <a class="law" title="Rules for applying other articles of this chapter to specified provisions of this article" href="/13.1-1094/">13.1-1094</a>; <a id="paragraph-304594" class="section-permalink" href="https://vacode.org/13.1-1093/#A8"><i class="fa fa-link"/></a></p></section>
						<section id="A9" class="indent-1"><p><span class="prefix-number">9.</span> Section <a class="law" title="Protected series designation; amendment" href="/13.1-1095/">13.1-1095</a>, except to vary the manner in which a <span class="dictionary">limited liability company</span> approves establishing a <span class="dictionary">protected series</span>; <a id="paragraph-304595" class="section-permalink" href="https://vacode.org/13.1-1093/#A9"><i class="fa fa-link"/></a></p></section>
						<section id="A10" class="indent-1"><p><span class="prefix-number">10.</span> Section <a class="law" title="Name" href="/13.1-1096/">13.1-1096</a>; <a id="paragraph-304596" class="section-permalink" href="https://vacode.org/13.1-1093/#A10"><i class="fa fa-link"/></a></p></section>
						<section id="A11" class="indent-1"><p><span class="prefix-number">11.</span> Section <a class="law" title="Associated assets" href="/13.1-1099.2/">13.1-1099.2</a>; <a id="paragraph-304597" class="section-permalink" href="https://vacode.org/13.1-1093/#A11"><i class="fa fa-link"/></a></p></section>
						<section id="A12" class="indent-1"><p><span class="prefix-number">12.</span> Section <a class="law" title="Associated members" href="/13.1-1099.3/">13.1-1099.3</a>; <a id="paragraph-304598" class="section-permalink" href="https://vacode.org/13.1-1093/#A12"><i class="fa fa-link"/></a></p></section>
						<section id="A13" class="indent-1"><p><span class="prefix-number">13.</span> Subsection A or B of &#xA7; <a class="law" title="Protected series membership interests" href="/13.1-1099.4/">13.1-1099.4</a>; <a id="paragraph-304599" class="section-permalink" href="https://vacode.org/13.1-1093/#A13"><i class="fa fa-link"/></a></p></section>
						<section id="A14" class="indent-1"><p><span class="prefix-number">14.</span> Subsection C, F, or G of &#xA7; <a class="law" title="Management" href="/13.1-1099.5/">13.1-1099.5</a>; <a id="paragraph-304600" class="section-permalink" href="https://vacode.org/13.1-1093/#A14"><i class="fa fa-link"/></a></p></section>
						<section id="A15" class="indent-1"><p><span class="prefix-number">15.</span> Section <a class="law" title="Limitations on liability" href="/13.1-1099.7/">13.1-1099.7</a>, except to decrease or eliminate a limitation of liability stated in &#xA7; <a class="law" title="Limitations on liability" href="/13.1-1099.7/">13.1-1099.7</a>; <a id="paragraph-304601" class="section-permalink" href="https://vacode.org/13.1-1093/#A15"><i class="fa fa-link"/></a></p></section>
						<section id="A16" class="indent-1"><p><span class="prefix-number">16.</span> Section <a class="law" title="Claim seeking to disregard limitation of liability" href="/13.1-1099.8/">13.1-1099.8</a>; <a id="paragraph-304602" class="section-permalink" href="https://vacode.org/13.1-1093/#A16"><i class="fa fa-link"/></a></p></section>
						<section id="A17" class="indent-1"><p><span class="prefix-number">17.</span> Section <a class="law" title="Remedies of judgment creditor of associated member or protected series assignee" href="/13.1-1099.9/">13.1-1099.9</a>; <a id="paragraph-304603" class="section-permalink" href="https://vacode.org/13.1-1093/#A17"><i class="fa fa-link"/></a></p></section>
						<section id="A18" class="indent-1"><p><span class="prefix-number">18.</span> Section <a class="law" title="Enforcement of claim against non-associated asset" href="/13.1-1099.10/">13.1-1099.10</a>; <a id="paragraph-304604" class="section-permalink" href="https://vacode.org/13.1-1093/#A18"><i class="fa fa-link"/></a></p></section>
						<section id="A19" class="indent-1"><p><span class="prefix-number">19.</span> Subdivisions 1, 4, and 5 of &#xA7; <a class="law" title="Events causing dissolution of protected series" href="/13.1-1099.11/">13.1-1099.11</a>; <a id="paragraph-304605" class="section-permalink" href="https://vacode.org/13.1-1093/#A19"><i class="fa fa-link"/></a></p></section>
						<section id="A20" class="indent-1"><p><span class="prefix-number">20.</span> Section <a class="law" title="Winding up dissolved protected series; voluntary cancellation" href="/13.1-1099.12/">13.1-1099.12</a>, except to designate a different <span class="dictionary">person</span> to manage winding up; <a id="paragraph-304606" class="section-permalink" href="https://vacode.org/13.1-1093/#A20"><i class="fa fa-link"/></a></p></section>
						<section id="A21" class="indent-1"><p><span class="prefix-number">21.</span> Section <a class="law" title="Waiver of cancellation upon dissolution; reinstatement of series limited liability company" href="/13.1-1099.13/">13.1-1099.13</a>; <a id="paragraph-304607" class="section-permalink" href="https://vacode.org/13.1-1093/#A21"><i class="fa fa-link"/></a></p></section>
						<section id="A22" class="indent-1"><p><span class="prefix-number">22.</span> Sections <a class="law" title="Protected series may not be party to entity transaction" href="/13.1-1099.14/">13.1-1099.14</a> through <a class="law" title="Application of &#xA7; 13.1-1099.10 after merger" href="/13.1-1099.20/">13.1-1099.20</a>; <a id="paragraph-304608" class="section-permalink" href="https://vacode.org/13.1-1093/#A22"><i class="fa fa-link"/></a></p></section>
						<section id="A23" class="indent-1"><p><span class="prefix-number">23.</span> Sections <a class="law" title="Governing law; foreign series limited liability companies and foreign protected series" href="/13.1-1099.21/">13.1-1099.21</a>, <a class="law" title="No attribution of activities constituting transacting business or for establishing jurisdiction" href="/13.1-1099.22/">13.1-1099.22</a>, and <a class="law" title="Registration of foreign series limited liability company and foreign protected series; amended application; voluntary cancellation; reinstatement" href="/13.1-1099.23/">13.1-1099.23</a>; <a id="paragraph-304609" class="section-permalink" href="https://vacode.org/13.1-1093/#A23"><i class="fa fa-link"/></a></p></section>
						<section id="A24" class="indent-1"><p><span class="prefix-number">24.</span> Sections <a class="law" title="Uniformity of application and construction" href="/13.1-1099.25/">13.1-1099.25</a> and <a class="law" title="Effect on certain actions" href="/13.1-1099.26/">13.1-1099.26</a>; or <a id="paragraph-304610" class="section-permalink" href="https://vacode.org/13.1-1093/#A24"><i class="fa fa-link"/></a></p></section>
						<section id="A25" class="indent-1"><p><span class="prefix-number">25.</span> A provision of this article pertaining to:
				a. A registered office or registered agent; or
				b. The <span class="dictionary">Commission</span>, including provisions pertaining to records authorized or required to be delivered to the <span class="dictionary">Commission</span> for filing under this article or chapter. <a id="paragraph-304611" class="section-permalink" href="https://vacode.org/13.1-1093/#A25"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> An <span class="dictionary">operating agreement</span> shall not unreasonably restrict the duties and rights under &#xA7; <a class="law" title="Right of person not associated member of protected series to information concerning protected series" href="/13.1-1099.6/">13.1-1099.6</a> but may impose reasonable restrictions on the availability and use of information obtained under &#xA7; <a class="law" title="Right of person not associated member of protected series to information concerning protected series" href="/13.1-1099.6/">13.1-1099.6</a> and may provide appropriate remedies, including liquidated <span class="dictionary">damages</span>, for a breach of any reasonable restriction on use. <a id="paragraph-304612" class="section-permalink" href="https://vacode.org/13.1-1093/#B"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 636.</history><metadata></metadata></law>
