Virginia Decodedhttps://vacode.org7594713.1-1099.14Protected series may not be party to entity transaction202513.1-1093CorporationsVirginia Limited Liability Company ActProtected Series

A protected series may not:

1. Be a party to a merger;

2. Convert to a different type of entity;

3. Domesticate as a protected series under the laws of a foreign jurisdiction; or

4. Be a party to or be formed, organized, established, or created in a transaction substantially like an interest exchange, a conversion, or a domestication.

2019, c. 636; 2021, Sp. Sess. I, c. 487.