{"data":{"id":"us-wv/w.-va.-code-31b-14-303","jurisdiction":"us-wv","citation":"W. Va. Code § 31B-14-303","heading":"Protected-series distributional interest.","body":"(a) A protected-series distributional 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(b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series distributional interests in the protected series.\n(c) In addition to acquiring a protected series transferable series interest under subsection (b) of this section, a series limited liability company may acquire a protected-series distributional interest through a transfer from another person or as provided in the operating agreement.\n(d) Except for §31B-14-108(a)(3), a provision of this article 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 distributional 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 distributional interest of the protected series.","path":["CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.","ARTICLE 14. UNIFORM PROTECTED SERIES ACT."],"source_url":"https://code.wvlegislature.gov/31B-14-303/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:28:01Z","sha256":"f47b9feeb5f179dff69e7f17cc71d3df2bfd945c4a2adffc7bc24d5b1cbf1f8e","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-31b-14-302","next":"us-wv/w.-va.-code-31b-14-304"},"notice":"GroundRules: Original legal text. Not legal advice."}