{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-1099.15.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-1099.15.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-1099.15.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-1099.15.html"}],"law_id":346423,"edition_id":2,"section_id":346423,"structure_id":49744,"section_number":"13.1-1099.15","catch_line":"Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company","history":"2019, c. 636.","full_text":"A\n\nA series limited liability company may not:\n\n1\n\nConvert to a different type of entity;\n\n2\n\nDomesticate as a foreign limited liability company pursuant to the provisions of Article 14 (&#xA7; 13.1-1074 et seq.); or\n\n3\n\nExcept as otherwise provided in &#xA7; 13.1-1099.16, be a party to or the surviving company of a merger.\n\nB\n\nA foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (&#xA7; 13.1-1074 et seq.).\n\n","order_by":null,"text":{"0":{"id":1291589,"text":"A series limited liability company may not:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":1291590,"text":"Convert to a different type of entity;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":1291591,"text":"Domesticate as a foreign limited liability company pursuant to the provisions of Article 14 (&#xA7; 13.1-1074 et seq.); or","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":1291592,"text":"Except as otherwise provided in &#xA7; 13.1-1099.16, be a party to or the surviving company of a merger.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":1291593,"text":"A foreign series limited liability company may not domesticate as a Virginia limited liability company pursuant to the provisions of Article 14 (&#xA7; 13.1-1074 et seq.).","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3"}},"ancestry":[{"id":49744,"edition_id":2,"name":"Protected Series","identifier":"16","label":"article","depth":3,"order_by":10,"parent_id":49728,"metadata":{"child_laws":39,"child_structures":0},"date_created":"2026-08-02 02:14:15","date_modified":"2026-08-02 12:29:20","permalink":{"id":1375585,"object_type":"structure","relational_id":49744,"identifier":"16","token":"13.1\/12\/16","url":"\/13.1\/12\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49728,"edition_id":2,"name":"Virginia Limited Liability Company Act","identifier":"12","label":"chapter","depth":2,"order_by":15,"parent_id":49726,"metadata":{"child_laws":156,"child_structures":16},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:18","permalink":{"id":1375353,"object_type":"structure","relational_id":49728,"identifier":"12","token":"13.1\/12","url":"\/13.1\/12\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346406,"structure_id":49744,"section_number":"13.1-1088","catch_line":"Definitions","url":"\/13.1-1088\/","token":"13.1\/12\/16\/13.1-1088","metadata":false},{"id":346407,"structure_id":49744,"section_number":"13.1-1089","catch_line":"Nature of protected series","url":"\/13.1-1089\/","token":"13.1\/12\/16\/13.1-1089","metadata":false},{"id":346408,"structure_id":49744,"section_number":"13.1-1090","catch_line":"Powers and duration of protected series","url":"\/13.1-1090\/","token":"13.1\/12\/16\/13.1-1090","metadata":false},{"id":346409,"structure_id":49744,"section_number":"13.1-1091","catch_line":"Governing law","url":"\/13.1-1091\/","token":"13.1\/12\/16\/13.1-1091","metadata":false},{"id":346410,"structure_id":49744,"section_number":"13.1-1092","catch_line":"Relation of operating agreement, this article, and the other articles of this chapter","url":"\/13.1-1092\/","token":"13.1\/12\/16\/13.1-1092","metadata":false},{"id":346411,"structure_id":49744,"section_number":"13.1-1093","catch_line":"Additional limitations on operating agreement","url":"\/13.1-1093\/","token":"13.1\/12\/16\/13.1-1093","metadata":false},{"id":346412,"structure_id":49744,"section_number":"13.1-1094","catch_line":"Rules for applying other articles of this chapter to specified provisions of this article","url":"\/13.1-1094\/","token":"13.1\/12\/16\/13.1-1094","metadata":false},{"id":346413,"structure_id":49744,"section_number":"13.1-1095","catch_line":"Protected series designation; amendment","url":"\/13.1-1095\/","token":"13.1\/12\/16\/13.1-1095","metadata":false},{"id":346414,"structure_id":49744,"section_number":"13.1-1096","catch_line":"Name","url":"\/13.1-1096\/","token":"13.1\/12\/16\/13.1-1096","metadata":false},{"id":346415,"structure_id":49744,"section_number":"13.1-1097","catch_line":"Registered office and registered agent","url":"\/13.1-1097\/","token":"13.1\/12\/16\/13.1-1097","metadata":false},{"id":346416,"structure_id":49744,"section_number":"13.1-1098","catch_line":"Service of process, notice, or demand","url":"\/13.1-1098\/","token":"13.1\/12\/16\/13.1-1098","metadata":false},{"id":346444,"structure_id":49744,"section_number":"13.1-1099","catch_line":"Effectiveness of notice","url":"\/13.1-1099\/","token":"13.1\/12\/16\/13.1-1099","metadata":false},{"id":346417,"structure_id":49744,"section_number":"13.1-1099.1","catch_line":"Annual registration fees","url":"\/13.1-1099.1\/","token":"13.1\/12\/16\/13.1-1099.1","metadata":false},{"id":346418,"structure_id":49744,"section_number":"13.1-1099.10","catch_line":"Enforcement of claim against non-associated asset","url":"\/13.1-1099.10\/","token":"13.1\/12\/16\/13.1-1099.10","metadata":false},{"id":346419,"structure_id":49744,"section_number":"13.1-1099.11","catch_line":"Events causing dissolution of protected series","url":"\/13.1-1099.11\/","token":"13.1\/12\/16\/13.1-1099.11","metadata":false},{"id":346420,"structure_id":49744,"section_number":"13.1-1099.12","catch_line":"Winding up dissolved protected series; voluntary cancellation","url":"\/13.1-1099.12\/","token":"13.1\/12\/16\/13.1-1099.12","metadata":false},{"id":346421,"structure_id":49744,"section_number":"13.1-1099.13","catch_line":"Waiver of cancellation upon dissolution; reinstatement of series limited liability company","url":"\/13.1-1099.13\/","token":"13.1\/12\/16\/13.1-1099.13","metadata":false},{"id":346422,"structure_id":49744,"section_number":"13.1-1099.14","catch_line":"Protected series may not be party to entity transaction","url":"\/13.1-1099.14\/","token":"13.1\/12\/16\/13.1-1099.14","metadata":false},{"id":346423,"structure_id":49744,"section_number":"13.1-1099.15","catch_line":"Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company","url":"\/13.1-1099.15\/","token":"13.1\/12\/16\/13.1-1099.15","metadata":false},{"id":346424,"structure_id":49744,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","url":"\/13.1-1099.16\/","token":"13.1\/12\/16\/13.1-1099.16","metadata":false},{"id":346425,"structure_id":49744,"section_number":"13.1-1099.17","catch_line":"Plan of merger","url":"\/13.1-1099.17\/","token":"13.1\/12\/16\/13.1-1099.17","metadata":false},{"id":346426,"structure_id":49744,"section_number":"13.1-1099.18","catch_line":"Articles of merger","url":"\/13.1-1099.18\/","token":"13.1\/12\/16\/13.1-1099.18","metadata":false},{"id":346427,"structure_id":49744,"section_number":"13.1-1099.19","catch_line":"Effect of merger","url":"\/13.1-1099.19\/","token":"13.1\/12\/16\/13.1-1099.19","metadata":false},{"id":346428,"structure_id":49744,"section_number":"13.1-1099.2","catch_line":"Associated assets","url":"\/13.1-1099.2\/","token":"13.1\/12\/16\/13.1-1099.2","metadata":false},{"id":346429,"structure_id":49744,"section_number":"13.1-1099.20","catch_line":"Application of \u00a7 13.1-1099.10 after merger","url":"\/13.1-1099.20\/","token":"13.1\/12\/16\/13.1-1099.20","metadata":false},{"id":346430,"structure_id":49744,"section_number":"13.1-1099.21","catch_line":"Governing law; foreign series limited liability companies and foreign protected series","url":"\/13.1-1099.21\/","token":"13.1\/12\/16\/13.1-1099.21","metadata":false},{"id":346431,"structure_id":49744,"section_number":"13.1-1099.22","catch_line":"No attribution of activities constituting transacting business or for establishing jurisdiction","url":"\/13.1-1099.22\/","token":"13.1\/12\/16\/13.1-1099.22","metadata":false},{"id":346432,"structure_id":49744,"section_number":"13.1-1099.23","catch_line":"Registration of foreign series limited liability company and foreign protected series; amended application; voluntary cancellation; reinstatement","url":"\/13.1-1099.23\/","token":"13.1\/12\/16\/13.1-1099.23","metadata":false},{"id":346433,"structure_id":49744,"section_number":"13.1-1099.24","catch_line":"Disclosure required when foreign series limited liability company or foreign protected series subject to proceeding","url":"\/13.1-1099.24\/","token":"13.1\/12\/16\/13.1-1099.24","metadata":false},{"id":346434,"structure_id":49744,"section_number":"13.1-1099.25","catch_line":"Uniformity of application and construction","url":"\/13.1-1099.25\/","token":"13.1\/12\/16\/13.1-1099.25","metadata":false},{"id":346435,"structure_id":49744,"section_number":"13.1-1099.26","catch_line":"Effect on certain actions","url":"\/13.1-1099.26\/","token":"13.1\/12\/16\/13.1-1099.26","metadata":false},{"id":346436,"structure_id":49744,"section_number":"13.1-1099.27","catch_line":"Relation to Electronic Signatures in Global and National Commerce Act","url":"\/13.1-1099.27\/","token":"13.1\/12\/16\/13.1-1099.27","metadata":false},{"id":346437,"structure_id":49744,"section_number":"13.1-1099.3","catch_line":"Associated members","url":"\/13.1-1099.3\/","token":"13.1\/12\/16\/13.1-1099.3","metadata":{"court_decisions":""}},{"id":346438,"structure_id":49744,"section_number":"13.1-1099.4","catch_line":"Protected series membership interests","url":"\/13.1-1099.4\/","token":"13.1\/12\/16\/13.1-1099.4","metadata":false},{"id":346439,"structure_id":49744,"section_number":"13.1-1099.5","catch_line":"Management","url":"\/13.1-1099.5\/","token":"13.1\/12\/16\/13.1-1099.5","metadata":false},{"id":346440,"structure_id":49744,"section_number":"13.1-1099.6","catch_line":"Right of person not associated member of protected series to information concerning protected series","url":"\/13.1-1099.6\/","token":"13.1\/12\/16\/13.1-1099.6","metadata":false},{"id":346441,"structure_id":49744,"section_number":"13.1-1099.7","catch_line":"Limitations on liability","url":"\/13.1-1099.7\/","token":"13.1\/12\/16\/13.1-1099.7","metadata":false},{"id":346442,"structure_id":49744,"section_number":"13.1-1099.8","catch_line":"Claim seeking to disregard limitation of liability","url":"\/13.1-1099.8\/","token":"13.1\/12\/16\/13.1-1099.8","metadata":false},{"id":346443,"structure_id":49744,"section_number":"13.1-1099.9","catch_line":"Remedies of judgment creditor of associated member or protected series assignee","url":"\/13.1-1099.9\/","token":"13.1\/12\/16\/13.1-1099.9","metadata":false}],"previous_section":{"id":346422,"structure_id":49744,"section_number":"13.1-1099.14","catch_line":"Protected series may not be party to entity transaction","url":"\/13.1-1099.14\/","token":"13.1\/12\/16\/13.1-1099.14","metadata":false},"next_section":{"id":346424,"structure_id":49744,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","url":"\/13.1-1099.16\/","token":"13.1\/12\/16\/13.1-1099.16","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1099.15\/","history_text":"<p>This law was first created in 2019. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0636\">636<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":346392,"section_number":"13.1-1074","catch_line":"Definitions","order_by":null,"url":"\/13.1-1074\/"},{"id":346424,"section_number":"13.1-1099.16","catch_line":"Merger authorized; parties restricted","order_by":null,"url":"\/13.1-1099.16\/"}],"permalink":{"id":1375659,"object_type":"law","relational_id":346423,"identifier":"13.1-1099.15","token":"13.1\/12\/16\/13.1-1099.15","url":"\/13.1-1099.15\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-1099.15\/","token":"13.1\/12\/16\/13.1-1099.15","dublin_core":{"Title":"Restrictions on entity transaction involving a series limited liability company or a foreign series limited liability company","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1099.15","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A series <span class=\"dictionary\">limited liability company<\/span> may not: <a id=\"paragraph-1291589\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.15\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Convert to a different type of <span class=\"dictionary\">entity<\/span>; <a id=\"paragraph-1291590\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.15\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Domesticate as a <span class=\"dictionary\">foreign limited liability company<\/span> pursuant to the provisions of Article 14 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/13.1-1074\/\">13.1-1074<\/a> et seq.); or <a id=\"paragraph-1291591\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.15\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Except as otherwise provided in &#xA7; <a class=\"law\" title=\"Merger authorized; parties restricted\" href=\"\/13.1-1099.16\/\">13.1-1099.16<\/a>, be a <span class=\"dictionary\">party<\/span> to or the <span class=\"dictionary\">surviving company<\/span> of a merger. <a id=\"paragraph-1291592\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.15\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> A <span class=\"dictionary\">foreign series limited liability company<\/span> may not domesticate as a Virginia <span class=\"dictionary\">limited liability company<\/span> pursuant to the provisions of Article 14 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/13.1-1074\/\">13.1-1074<\/a> et seq.). <a id=\"paragraph-1291593\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-1099.15\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRESTRICTIONS ON ENTITY TRANSACTION INVOLVING A SERIES LIMITED LIABILITY COMPANY\nOR A FOREIGN SERIES LIMITED LIABILITY COMPANY (\u00a7 13.1-1099.15)\n\nA. A series limited liability company may not:\n\n   1. Convert to a different type of entity;\n\n   2. Domesticate as a foreign limited liability company pursuant to the\n   provisions of Article 14 (&#xA7; 13.1-1074 et seq.); or\n\n   3. Except as otherwise provided in &#xA7; 13.1-1099.16, be a party to or the\n   surviving company of a merger.\n\nB. A foreign series limited liability company may not domesticate as a Virginia\nlimited liability company pursuant to the provisions of Article 14 (&#xA7;\n13.1-1074 et seq.).\n\nHISTORY: 2019, c. 636.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}