{"data":{"id":"us-ne/neb.-rev.-stat.-21-517","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 21-517","heading":"Neb. Rev. Stat. § 21-517","body":"(a) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.\n\n(b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.\n\n(c) In addition to acquiring a protected-series transferable interest under subsection (b) of this section, a series limited liability company may acquire a protected-series transferable interest through a transfer from another person or as provided in the operating agreement.\n\n(d) Except for subdivision (a)(3) of section 21-508 , a provision of the Nebraska Uniform Protected Series Act which applies to a protected-series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. A provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.","path":["NE Code","Chapter 21"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=21-517","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"bc56250c0dea77bccab41f02e24c539770617af4453165b4431a3d1f61044dd9","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-21-516","next":"us-ne/neb.-rev.-stat.-21-518"},"notice":"GroundRules: Original legal text. Not legal advice."}