Waiver of cancellation upon dissolution; reinstatement of series limited liability company
Va. Code Ann. § 13.1-1099.13
in effectA. If after dissolution the members of a series limited liability company waive the right to have the series limited liability company's affairs wound up and its existence canceled:
1. Each protected series of the series limited liability company ceases winding up; and
2. The provisions of § 13.1-1047.1 stating the results of the waiver apply to each protected series of the series limited liability company in accord with § 13.1-1094 .
B. A protected series that has ceased to exist may have its existence reinstated in accordance with § 13.1-1050.4 as if it were a limited liability company, provided that the series limited liability company that established the protected series is in existence.
2019, c. 636 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-1099.13/Fetched: 10/16/2026