Va. Code § 13.1-1090: Powers and duration of protected series

A. A protected series of a series limited liability company has the capacity to sue and be sued in its own name.B. Except as otherwise provided in subsections C and D, a protected series of a series limited liability company has the same powers and purpose as the series limited liability company.C. A protected series of a series limited liability company ceases to exist not later than when the series limited liability company ceases to exist.D. A protected series of a series limited liability company shall not:1. Be a member of the series limited liability company;2. Establish a protected series; or3. Except as permitted by a law of the Commonwealth other than this article, have any purpose or power that the law of the Commonwealth other than this article prohibits a limited liability company from doing or having.2019, c. 636.