§ 48-2c-616. Foreign limited liability company -- Series.

(1) If a foreign limited liability company that is registering to do business in the state is governed by an operating agreement establishing or providing for the establishment of a series, that fact shall be stated on the application for authority to transact business in the state.

(2)

(a) A company shall identify on an application for authority to transact business in the state which of the protections for the series and company found in Section 48-2c-606 apply to a series.

(b) If different protections found in Section 48-2c-606 apply to different series of a company, the application for authority to transact business in the state shall identify:

(i) the protections that apply to each existing series; and

(ii) the protections that will apply to any later-created series.

Enacted by Chapter 92, 2006 General Session