{"data":{"id":"us-va/va.-code-13.1-1090","jurisdiction":"us-va","citation":"Va. Code § 13.1-1090","heading":"Powers and duration of protected series","body":"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.","path":["Title 13.1. Corporations","Chapter 12. Virginia Limited Liability Company Act","Article 16. Protected Series"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-1090/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"f37fdc5fc7869abbf7969b4c20529f445aff3ccb315cf4169668fb2d0c1b9080","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1089","next":"us-va/va.-code-13.1-1091"},"notice":"GroundRules: Original legal text. Not legal advice."}