Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-5A-11.04 - Statement of limitation on liabilities of series

Section 10A-5A-11.04 - Statement of limitation on liabilities of series.

The statement of limitation on liabilities of a series required by Section 10A-5A-11.02(b)(3) is sufficient regardless of whether:

(a) the limited liability company has established any series under this chapter when the statement of limitations is contained in the certificate of formation; and

(b) the statement of limitations makes reference to a specific series of the limited liability company.

(Act 2014-144, p. 265, §1.)

Last modified: May 3, 2021