Protected series definition

Protected series means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics set forth in subdivision (b).

Protected series and "series organization" defined.

Protected series means an arrangement, however denominated, created by a series

Examples of Protected series in a sentence

• Protected series of a professional series LLC may elect professional protected series status.

• Protected series may be party to an entity transaction if the series LLC permits.

• Protected series transferrable interest” means a right to receive a distribution from a protected series.The bill creates s.

• PART 2ESTABLISHING PROTECTED SERIES 489.14201 Protected series designation — amendment.1. With the affirmative vote or consent of all members of a limited liability company, the company may establish a protected series.2. To establish a protected series, a limited liability company shall deliver to the secretary of state for filing a protected series designation, signed by the company, stating the name of the company and the name of the protected series to be established.

• Further, under the bill, a person that ceases to be the registered agent for a:• Series LLC ceases to be the registered agent for each protected series of such LLC.• Protected series, other than as a result of the termination of the protected series, ceases to be the registered agent of the series LLC and any other protected series of such LLC.

More Definitions of Protected series

Protected series means an arrangement, however denominated,

Protected series means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics described in Subsection (1)(b).

Protected series means a designated series of members, managers, limited liability company interests or assets that is established in accordance with § 18-215(b) of this title.

Protected series means an arrangement, however

Protected series means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics set forth in paragraph (b) of this subsection; and

Protected series means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics set forth in clause (2).

Protected series means a designated series of limited partners, general partners, partnership interests or assets that is established in accordance with § 17-218(b) of this title.