Current with legislation from 2024 Fiscal and Special Sessions.
(a) Except as otherwise provided in subsection (b), the name of a protected series must comply with § 4-38-112.(b) The name of a protected series of a series limited liability company must: (1) begin with the name of the company, including any word or abbreviation required by § 4-38-112; and(2) contain the phrase "Protected Series" or "protected series" or the abbreviation "P.S." or "PS".(c) If a series limited liability company changes its name, the company shall deliver to the Secretary of State for filing a statement of designation change for each of the company's protected series, changing the name of each protected series to comply with this section.(d) If a limited liability company is dissolved, administratively or otherwise, the name is available for use by another formed limited liability company, and the dissolved company would be required, upon reinstatement, to use a new name if the prior name was taken.Amended by Act 2021, No. 1041,§ 12, eff. 7/28/2021.Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.