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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55453</law_id><section_number>13.1-1099.11</section_number><catch_line>Events causing dissolution of protected series</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1089</reference><reference>13.1-1093</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><p>A <span class="dictionary">protected series</span> of a series <span class="dictionary">limited liability company</span> is dissolved, and its activities and affairs shall be wound up, upon the:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Dissolution of the series <span class="dictionary">limited liability company</span>; <a id="paragraph-203264" class="section-permalink" href="https://vacode.org/13.1-1099.11/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Occurrence of an event or circumstance the <span class="dictionary">operating agreement</span> states causes dissolution of the <span class="dictionary">protected series</span>; <a id="paragraph-203265" class="section-permalink" href="https://vacode.org/13.1-1099.11/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Affirmative vote or consent of all the <span class="dictionary">members</span>; <a id="paragraph-203266" class="section-permalink" href="https://vacode.org/13.1-1099.11/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> Entry of a <span class="dictionary">court order</span> dissolving the protected series on application by an associated <span class="dictionary">member</span> or <span class="dictionary">protected series manager</span> of the protected series:
			a. In accordance with &#xA7; <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>; and
			b. To the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a <span class="dictionary">limited liability company</span> on application by a <span class="dictionary">member</span> of or a <span class="dictionary">person</span> managing the <span class="dictionary">limited liability company</span>; <a id="paragraph-203267" class="section-permalink" href="https://vacode.org/13.1-1099.11/#4"><i class="fa fa-link"/></a></p></section>
						<section id="5"><p><span class="prefix-number">5.</span> Entry by the court of an order dissolving the protected series on application by the series <span class="dictionary">limited liability company</span> or a <span class="dictionary">member</span> of the series <span class="dictionary">limited liability company</span> on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal; <a id="paragraph-203268" class="section-permalink" href="https://vacode.org/13.1-1099.11/#5"><i class="fa fa-link"/></a></p></section>
						<section id="6"><p><span class="prefix-number">6.</span> Automatic cancellation of its existence pursuant to &#xA7;&#xA7; <a class="law" title="Automatic cancellation of limited liability company existence" href="/13.1-1050.2/">13.1-1050.2</a> and <a class="law" title="Annual registration fees" href="/13.1-1099.1/">13.1-1099.1</a>; or <a id="paragraph-203269" class="section-permalink" href="https://vacode.org/13.1-1099.11/#6"><i class="fa fa-link"/></a></p></section>
						<section id="7"><p><span class="prefix-number">7.</span> Automatic or involuntary cancellation of the existence of the series <span class="dictionary">limited liability company</span> that established the protected series pursuant to &#xA7; <a class="law" title="Automatic cancellation of limited liability company existence" href="/13.1-1050.2/">13.1-1050.2</a> or <a class="law" title="Involuntary cancellation of limited liability company existence" href="/13.1-1050.3/">13.1-1050.3</a>. <a id="paragraph-203270" class="section-permalink" href="https://vacode.org/13.1-1099.11/#7"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 636.</history><metadata></metadata></law>
