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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84390</law_id><section_number>13.1-1094</section_number><catch_line>Rules for applying other articles of this chapter to specified provisions of this article</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>13.1-1093</reference><reference>13.1-1099.11</reference><reference>13.1-1099.4</reference><reference>13.1-1099.5</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> Except as otherwise provided in subsection B and &#xA7;&#xA0;<a class="law" title="Additional limitations on operating agreement" href="/13.1-1093/">13.1-1093</a>, the following rules apply in applying &#xA7;&#xA0;<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>, subsections C and F of &#xA7;&#xA0;<a class="law" title="Management" href="/13.1-1099.5/">13.1-1099.5</a>, subdivision 4 a of &#xA7;&#xA0;<a class="law" title="Events causing dissolution of protected series" href="/13.1-1099.11/">13.1-1099.11</a>, subsection A of &#xA7;&#xA0;<a class="law" title="Winding up dissolved protected series; voluntary cancellation" href="/13.1-1099.12/">13.1-1099.12</a>, and subdivision 2 of &#xA7;&#xA0;<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-302431" class="section-permalink" href="https://vacode.org/13.1-1094/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> A <span class="dictionary">protected series</span> of a series <span class="dictionary">limited liability company</span> is deemed to be a <span class="dictionary">limited liability company</span> that is organized separately from the series <span class="dictionary">limited liability company</span> and distinct from the series <span class="dictionary">limited liability company</span> and any other <span class="dictionary">protected series</span> of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-302432" class="section-permalink" href="https://vacode.org/13.1-1094/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> An associated <span class="dictionary">member</span> of the <span class="dictionary">protected series</span> is deemed to be a <span class="dictionary">member</span> of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-302433" class="section-permalink" href="https://vacode.org/13.1-1094/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> A <span class="dictionary">protected series assignee</span> of the protected series is deemed to be an assignee of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-302434" class="section-permalink" href="https://vacode.org/13.1-1094/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> A <span class="dictionary">protected series membership interest</span> of the protected series is deemed to be a membership interest of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-302435" class="section-permalink" href="https://vacode.org/13.1-1094/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> A <span class="dictionary">protected series manager</span> is deemed to be a manager of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-302436" class="section-permalink" href="https://vacode.org/13.1-1094/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> An asset of the protected series is deemed to be an asset of the series <span class="dictionary">limited liability company</span>, whether or not the asset is an <span class="dictionary">associated asset</span> of the protected series; and <a id="paragraph-302437" class="section-permalink" href="https://vacode.org/13.1-1094/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> Any <span class="dictionary">creditor</span> or other obligee of the protected series is deemed to be a <span class="dictionary">creditor</span> or obligee of the series <span class="dictionary">limited liability company</span>. <a id="paragraph-302438" class="section-permalink" href="https://vacode.org/13.1-1094/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Subsection A does not apply if its application would: <a id="paragraph-302439" class="section-permalink" href="https://vacode.org/13.1-1094/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> Vary &#xA7; <a class="law" title="Operating agreement" href="/13.1-1023/">13.1-1023</a>, subsection B or C of &#xA7; <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>, or &#xA7; <a class="law" title="Additional limitations on operating agreement" href="/13.1-1093/">13.1-1093</a>; or <a id="paragraph-302440" class="section-permalink" href="https://vacode.org/13.1-1094/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> Require the <span class="dictionary">Commission</span> to:
				a. Accept for filing a type of record that this chapter expressly does not authorize or require a <span class="dictionary">person</span> to deliver to the <span class="dictionary">Commission</span> for filing; or
				b. Make or deliver a record that neither this article nor any other provision of this chapter authorizes or requires the <span class="dictionary">Commission</span> to make or deliver. <a id="paragraph-302441" class="section-permalink" href="https://vacode.org/13.1-1094/#B2"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 636.</history><metadata></metadata></law>
