{"data":{"id":"us-va/va.-code-13.1-1099.7","jurisdiction":"us-va","citation":"Va. Code § 13.1-1099.7","heading":"Limitations on liability","body":"A. A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of:1. A protected series of a series limited liability company solely by reason of being or acting as:a. An associated member, protected series manager, or protected series assignee of the protected series; orb. A member, manager, or an assignee of the series limited liability company; or2. A series limited liability company solely by reason of being or acting as an associated member, protected series manager, or protected series assignee of a protected series of the series limited liability company.B. Subject to § 13.1-1099.10, the following rules apply:1. A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the series limited liability company.2. A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series.3. A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the series limited liability company solely by reason of the protected series being a protected series of the series limited liability company or the series limited liability company:a. Being or acting as a protected series manager of the protected series;b. Having the protected series manage the series limited liability company; orc. Owning a protected series membership interest of the protected series.4. A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the series limited liability company or another protected series of the series limited liability company solely by reason of:a. Being a protected series of the series limited liability company;b. Being or acting as a manager of the series limited liability company or a protected series manager of another protected series of the series limited liability company; orc. Having the series limited liability company or another protected series of the series limited liability company be or act as a protected series manager of the protected series.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/13.1-1099.7/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"6ea151e6e583610e5ac0284c8357ae0a8d7505e13cebef3ee2ca0f05fb683246","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1099.6","next":"us-va/va.-code-13.1-1099.8"},"notice":"GroundRules: Original legal text. Not legal advice."}