{"data":{"id":"us-va/va.-code-13.1-1099.19","jurisdiction":"us-va","citation":"Va. Code § 13.1-1099.19","heading":"Effect of merger","body":"When a merger under § 13.1-1099.16 becomes effective, in addition to the effects stated in § 13.1-1073:1. As provided in the plan of merger, each protected series of each merging company which was established before the merger:a. Is a relocated protected series or continuing protected series; orb. Is dissolved, wound up, and canceled;2. Any protected series to be established as a result of the merger is established;3. Any relocated protected series or continuing protected series is the same person without interruption as it was before the merger;4. All property of a relocated protected series or continuing protected series continues to be vested in the protected series without transfer, reversion, or impairment;5. All debts, obligations, and other liabilities of a relocated protected series or continuing protected series continue as debts, obligations, and other liabilities of the protected series;6. Except as otherwise provided by law or the plan of merger, all the rights, privileges, immunities, powers, and purposes of a relocated protected series or continuing protected series remain in the protected series;7. The new name of a relocated protected series may be substituted for the former name of the protected series in any pending action or proceeding;8. If provided in the plan of merger:a. A person becomes an associated member or protected series assignee of a relocated protected series or continuing protected series;b. A person becomes an associated member of a protected series established by the surviving company as a result of the merger;c. Any change in the rights or obligations of a person in the person's capacity as an associated member or protected series assignee of a relocated protected series or continuing protected series takes effect; andd. Any consideration to be paid to a person that before the merger was an associated member or protected series assignee of a relocated protected series or continuing protected series is due; and9. Any person that is a member of a relocated protected series becomes a member of the surviving company, if not already a member.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/13.1-1099.19/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"ee5638900befe53ae09692630db26758d2807a562be0810eee1a3c09566f4f30","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1099.18","next":"us-va/va.-code-13.1-1099.20"},"notice":"GroundRules: Original legal text. Not legal advice."}