A. A protected series of a series limited liability company has the capacity to sue and be sued in its own name. B. Except as otherwise provided in subsections C and D, a protected series of a series limited liability company has the same powers and purpose as the series limited liability company. C. A protected series of a series limited liability company ceases to exist not later than when the series limited liability company ceases to exist. D. A protected series of a series limited liability company shall not: 1. Be a member of the series limited liability company; 2. Establish a protected series; or 3. Except as permitted by a law of the Commonwealth other than this article, have any purpose or power that the law of the Commonwealth other than this article prohibits a limited liability company from doing or having. 2019, c. 636.
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