§ 13-1-1099-7

A. A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of:\n1. A protected series of a series limited liability company solely by reason of being or acting as:\na. An associated member, protected series manager, or protected series assignee of the protected series; or\nb. A member, manager, or an assignee of the series limited liability company; or\n2. A series limited liability company solely by reason of being or acting as an associated member, protected series manager, or protected series assignee of a protected series of the series limited liability company.\nB. Subject to § 13.1-1099.10, the following rules apply:\n1. A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the series limited liability company.\n2. A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series.\n3. A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the series

ries.\n3. A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the series limited liability company solely by reason of the protected series being a protected series of the series limited liability company or the series limited liability company:\na. Being or acting as a protected series manager of the protected series;\nb. Having the protected series manage the series limited liability company; or\nc. Owning a protected series membership interest of the protected series.\n4. A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the series limited liability company or another protected series of the series limited liability company solely by reason of:\na. Being a protected series of the series limited liability company;\nb. Being or acting as a manager of the series limited liability company or a protected series manager of another protected series of the series limited liability company; or\nc.

d liability company;\nb. Being or acting as a manager of the series limited liability company or a protected series manager of another protected series of the series limited liability company; or\nc. Having the series limited liability company or another protected series of the series limited liability company be or act as a protected series manager of the protected series.\n2019, c. 636.