                                 CODE OF VIRGINIA

NATURE OF PROTECTED SERIES (§ 13.1-1089)

A protected series of a series limited liability company is a person distinct
from:

1. The series limited liability company, subject to subsection C of &#xA7;
13.1-1090, subdivision 1 of &#xA7; 13.1-1099.11, and &#xA7; 13.1-1099.12;

2. Another protected series of the series limited liability company;

3. A member of the series limited liability company, whether or not the member
is an associated member of the protected series;

4. A protected series assignee of any protected series of the series limited
liability company; and

5. An assignee of a membership interest of the series limited liability company.

HISTORY: 2019, c. 636.