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West Virginia · Through as of 2026-10-13; contains at least the enactments of the 2026 Regular Session (newest effective date 2027-07-01); amended by SB 670, effective 2026-06-12

W. Va. Code § 31B-14-302: Associated member.

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Where this section sits in the code
  1. CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.
  2. ARTICLE 14. UNIFORM PROTECTED SERIES ACT.

(a) Only a member of a series limited liability company may be an associated member of a protected series of the company.

(b) A member of a series limited liability company becomes an associated member of a protected series of the company if the operating agreement or a procedure established by the agreement states:

(1) That the member is an associated member of the protected series;

(2) The date on which the member became an associated member; and

(3) Any protected-series distributional interest the associated member has in connection with becoming or being an associated member.

(c) If a person that is an associated member of a protected series of a series limited liability company is dissociated from the company, the person ceases to be an associated member of the protected series.

Collected 2026-10-18T04:40:17Z. Source file · JSON

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