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Nature of protected series.

Neb. Rev. Stat. § 21-503
in effect
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21-503. Nature of protected series. A protected series of a series limited liability company is a person distinct from: (1) the company, subject to subsection (c) of section 21-504, subdivision (1) of section 21-524, and subsection (d) of section 21-525; (2) another protected series of the company; (3) a member of the company, whether or not the member is an associated member of the protected series; (4) a protected-series transferee of a protected series of the company; and (5) a transferee of a transferable interest of the company. Laws 2018, LB1121, § 4.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=21-503Fetched: 10/20/2026

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