West Virginia SB670 adopts the Uniform Protected Series Act to regulate protected series within series limited liability companies.

West Virginia SB670 adopts the Uniform Protected Series Act, which governs the creation, management, and dissolution of protected series within series limited liability companies. The act specifies the powers and duration of protected series, limits their liability, and outlines procedures for their dissolution and winding up. It also details the roles of protected-series managers, associated members, and protected-series transferees, and establishes rules for serving process and notice to protected series.

West Virginia SB670 adopts the Uniform Protected Series Act to regulate protected series within series limited liability companies.

West Virginia SB670 adopts the Uniform Protected Series Act, which governs the creation, management, and dissolution of protected series within series limited liability companies. The act specifies the powers and duration of protected series, limits their liability, and outlines procedures for their dissolution and winding up. It also details the roles of protected-series managers, associated members, and protected-series transferees, and establishes rules for serving process and notice to protected series.