Virginia Code 13.1-1099.9: Remedies of judgment creditor of associated member or protected series assignee.
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Any provision of § 13.1-1041.1 that provides or restricts remedies available to a judgment creditor of a member of a limited liability company or owner of a membership interest of the series limited liability company applies to a judgment creditor of:
Terms Used In Virginia Code 13.1-1099.9
- Assignee: means a person to which all or part of a membership interest has been transferred, whether or not the transferor is a member. See Virginia Code 13.1-1002
- Associated member: means , with respect to a protected series, a member that meets the requirements stated in § Virginia Code 13.1-1088
- interest: means a member's share of the profits and the losses of the limited liability company and the right to receive distributions of the limited liability company's assets. See Virginia Code 13.1-1002
- Member: means a person that has been admitted to membership in a limited liability company as provided in § Virginia Code 13.1-1002
- Protected series membership interest: means the share of the profits and losses of a protected series and the right to receive distributions. See Virginia Code 13.1-1088
1. An associated member or protected series assignee of a protected series; or
2. A series limited liability company, to the extent the series limited liability company owns a protected series membership interest of a protected series.
2019, c. 636.