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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62260</law_id><section_number>13.1-1095</section_number><catch_line>Protected series designation; amendment</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1002</reference><reference>13.1-1005</reference><reference>13.1-1088</reference><reference>13.1-1093</reference><reference>13.1-1096</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> A <span class="dictionary">limited liability company</span> may establish a <span class="dictionary">protected series</span>. A proposal to establish a <span class="dictionary">protected series</span> shall be approved by the affirmative vote or consent of all <span class="dictionary">members</span>. <a id="paragraph-227059" class="section-permalink" href="https://vacode.org/13.1-1095/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> To establish a <span class="dictionary">protected series</span>, a <span class="dictionary">limited liability company</span> shall deliver to the <span class="dictionary">Commission</span> for filing a statement of <span class="dictionary">protected series</span> designation setting forth: <a id="paragraph-227060" class="section-permalink" href="https://vacode.org/13.1-1095/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">limited liability company</span>; <a id="paragraph-227061" class="section-permalink" href="https://vacode.org/13.1-1095/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> The name of the <span class="dictionary">protected series</span> being established; <a id="paragraph-227062" class="section-permalink" href="https://vacode.org/13.1-1095/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> The post office address of the <span class="dictionary">principal office of the protected series</span>; and <a id="paragraph-227063" class="section-permalink" href="https://vacode.org/13.1-1095/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the establishment of the protected series was approved by the affirmative vote or consent of all <span class="dictionary">members</span> of the <span class="dictionary">limited liability company</span>. <a id="paragraph-227064" class="section-permalink" href="https://vacode.org/13.1-1095/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If the <span class="dictionary">Commission</span> finds that the statement of protected series designation complies with the requirements of <span class="dictionary">law</span> and that all required fees have been paid, it shall <span class="dictionary">issue</span> a certificate of protected series designation. <a id="paragraph-227065" class="section-permalink" href="https://vacode.org/13.1-1095/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> A series <span class="dictionary">limited liability company</span> may <span class="dictionary">amend</span> a statement of a protected series designation that has not been canceled. For an amendment to a statement of protected series designation to be adopted, the amendment shall be approved by the affirmative vote or consent of all <span class="dictionary">members</span>. <a id="paragraph-227066" class="section-permalink" href="https://vacode.org/13.1-1095/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> To <span class="dictionary">amend</span> a statement of protected series designation, a series <span class="dictionary">limited liability company</span> shall deliver to the <span class="dictionary">Commission</span> for filing a statement of designation change setting forth: <a id="paragraph-227067" class="section-permalink" href="https://vacode.org/13.1-1095/#E"><i class="fa fa-link"/></a></p></section>
						<section id="E1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-227068" class="section-permalink" href="https://vacode.org/13.1-1095/#E1"><i class="fa fa-link"/></a></p></section>
						<section id="E2" class="indent-1"><p><span class="prefix-number">2.</span> The name of the protected series to which the designation change applies; <a id="paragraph-227069" class="section-permalink" href="https://vacode.org/13.1-1095/#E2"><i class="fa fa-link"/></a></p></section>
						<section id="E3" class="indent-1"><p><span class="prefix-number">3.</span> The text of each change to the statement of protected series designation; and <a id="paragraph-227070" class="section-permalink" href="https://vacode.org/13.1-1095/#E3"><i class="fa fa-link"/></a></p></section>
						<section id="E4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the amendment was approved by the affirmative vote or consent of all <span class="dictionary">members</span> of the series <span class="dictionary">limited liability company</span>. <a id="paragraph-227071" class="section-permalink" href="https://vacode.org/13.1-1095/#E4"><i class="fa fa-link"/></a></p></section>
						<section id="F"><p><span class="prefix-number">F.</span> If the <span class="dictionary">Commission</span> finds that the statement of protected series designation change complies with the requirements of <span class="dictionary">law</span> and that all required fees have been paid, it shall <span class="dictionary">issue</span> a certificate of designation change. <a id="paragraph-227072" class="section-permalink" href="https://vacode.org/13.1-1095/#F"><i class="fa fa-link"/></a></p></section>
						<section id="G"><p><span class="prefix-number">G.</span> Notwithstanding subsection D, a series <span class="dictionary">limited liability company</span> may change the address of the principal office of a protected series of the series <span class="dictionary">limited liability company</span> on the records of the <span class="dictionary">Commission</span> by filing a statement of change pursuant to &#xA7; <a class="law" title="Change of principal office" href="/13.1-1018.1/">13.1-1018.1</a>, except that the statement of change shall also set forth the name of the protected series and, in lieu of the address of the current and new principal office of the series <span class="dictionary">limited liability company</span>, the address of the current and new <span class="dictionary">principal office of the protected series</span>. <a id="paragraph-227073" class="section-permalink" href="https://vacode.org/13.1-1095/#G"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 636.</history><metadata></metadata></law>
