W. Va. Code § 31B-14-302: Associated member.
Where this section sits in the code
- CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.
- 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 2026-09-06T00:28:01Z. Source file · JSON