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2021 Nebraska Revised Statutes
Chapter 21 - Corporations and Other Companies
21-503 - Nature of protected series.
Universal Citation:
NE Code § 21-503 (2021)
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21-503. Nature of protected series.
A protected series of a series limited liability company is a person distinct from:
(1) the company, subject to subsection (c) of section 21-504, subdivision (1) of section 21-524, and subsection (d) of section 21-525;
(2) another protected series of the company;
(3) a member of the company, whether or not the member is an associated member of the protected series;
(4) a protected-series transferee of a protected series of the company; and
(5) a transferee of a transferable interest of the company.
Source
- Laws 2018, LB1121, ยง 4.
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