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2021 Code of Virginia
Title 13.1 - Corporations
Chapter 12 - Virginia Limited Liability Company Act
§ 13.1-1099.15. Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company
Universal Citation: VA Code § 13.1-1099.15 (2021)
A. A series limited liability company may not:
1. Convert to a different type of entity;
2. Domesticate as a foreign limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.); or
3. Except as otherwise provided in § 13.1-1099.16, be a party to or the surviving company of a merger.
B. A foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (§ 13.1-1074 et seq.).
2019, c. 636.
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