reglab/housing_qa huggingface dataset:
NE Code § 21-507 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-507 - Additional limitations on operating agreement.

21-507.  Additional limitations on operating agreement.(a) An operating agreement may not vary the effect of:(1) this section;(2) section 21-503;(3) subsection (a) of section 21-504;(4) subsection (b) of section 21-504 to provide a protected series a power beyond the powers the Nebraska Uniform Limited Liability Company Act provides a limited liability company;(5) subsection (c) or (d) of section 21-504;(6) section 21-505;(7) section 21-506;(8) section 21-508;(9) section 21-509, except to vary the manner in which a limited liability company approves establishing a protected series;(10) section 21-510;(11) section 21-515;(12) section 21-516;(13) subsection (a) or (b) of section 21-517;(14) subsection (c) or (f) of section 21-518;(15) section 21-520, except to decrease or eliminate a limitation of liability stated in section 21-520;(16) section 21-521;(17) section 21-522;(18) section 21-523;(19) subdivisions (1), (4), and (5) of section 21-524;(20) section 21-525, except to designate a different person to manage winding up;(21) section 21-526;(22) sections 21-527 to 21-534;(23) sections 21-535 to 21-538;(24) section 21-542; or(25) a provision of the Nebraska Uniform Protected Series Act pertaining to:(A) registered agents; or(B) the Secretary of State, including provisions pertaining to records authorized or required to be delivered to the Secretary of State for filing under the act.(b) An operating agreement may not unreasonably restrict the duties and rights under section 21-519 but may impose reasonable restrictions on the availability and use of information obtained under section 21-519 and may provide appropriate remedies, including liquidated damages, for a breach of any reasonable restriction on use.Source  Laws 2018, LB1121, § 8;  Laws 2019, LB78, § 3.
NE Code § 21-508 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-508 - Rules for applying Nebraska Uniform Limited Liability Company Act to specified provisions of act.

21-508.  Rules for applying Nebraska Uniform Limited Liability Company Act to specified provisions of act.(a) Except as otherwise provided in subsection (b) of this section and section 21-507, the following rules apply in applying section 21-506, subsections (c) and (f) of section 21-518, subdivision (4)(A) of section 21-524, subsection (a) of section 21-525, and subdivision (2) of section 21-526:(1) A protected series of a series limited liability company is deemed to be a limited liability company that is formed separately from the series limited liability company and is distinct from the series limited liability company and any other protected series of the series limited liability company.(2) An associated member of the protected series is deemed to be a member of the company deemed to exist under subdivision (a)(1) of this section.(3) A protected-series transferee of the protected series is deemed to be a transferee of the company deemed to exist under subdivision (a)(1) of this section.(4) A protected-series transferable interest of the protected series is deemed to be a transferable interest of the company deemed to exist under subdivision (a)(1) of this section.(5) A protected-series manager is deemed to be a manager of the company deemed to exist under subdivision (a)(1) of this section.(6) An asset of the protected series is deemed to be an asset of the company deemed to exist under subdivision (a)(1) of this section, whether or not the asset is an associated asset of the protected series.(7) Any creditor or other obligee of the protected series is deemed to be a creditor or obligee of the company deemed to exist under subdivision (a)(1) of this section.(b) Subsection (a) of this section does not apply if its application would:(1) contravene section 21-110; or(2) authorize or require the Secretary of State to:(A) accept for filing a type of record that neither the Nebraska Uniform Protected Series Act nor the Nebraska Uniform Limited Liability Company Act authorizes or requires a person to deliver to the Secretary of State for filing; or(B) make or deliver a record that neither the Nebraska Uniform Protected Series Act nor the Nebraska Uniform Limited Liability Company Act authorizes or requires the Secretary of State to make or deliver.Source Laws 2018, LB1121, § 9.
NE Code § 21-509 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-509 - Protected series designation; amendment.

21-509.  Protected series designation; amendment.(a) With the affirmative vote or consent of all members of a limited liability company, the company may establish a protected series.(b) To establish one or more protected series, a limited liability company shall deliver to the Secretary of State for filing a protected-series designation, signed by the company, stating the name of the company and the name or names of the protected series to be established.(c) A protected series is established when the protected-series designation takes effect under section 21-121.(d) To amend a protected-series designation, a series limited liability company shall deliver to the Secretary of State for filing a statement of designation change, signed by the company, that changes the name of the company, the name or names of the protected series to which the designation applies, or both. The change takes effect when the statement of designation change takes effect under section 21-121.Source  Laws 2018, LB1121, § 10;  Laws 2019, LB78, § 4.
NE Code § 21-510 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-510 - Name.

21-510.  Name.(a) Except as otherwise provided in subsection (b) of this section, the name of a protected series must be distinguishable in the records of the Secretary of State from:(1) the name of each person that is not an individual and that is incorporated, organized, or authorized to transact business in this state; and(2) each name reserved under section 21-109 or other state laws allowing the reservation or registration of business names, including fictitious or assumed name statutes.(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 section 21-108; 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 the company’s protected series, changing the name of each protected series to comply with this section.Source  Laws 2018, LB1121, § 11;  Laws 2019, LB78, § 5.
NE Code § 21-511 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-511 - Registered agent.

21-511.  Registered agent.(a) The registered agent in this state for a series limited liability company is the registered agent in this state for each protected series of the company.(b) Before delivering a protected-series designation to the Secretary of State for filing, a limited liability company shall agree with a registered agent that the agent will serve as the registered agent in this state for both the company and the protected series.(c) A person that signs a protected-series designation delivered to the Secretary of State for filing affirms as a fact that the limited liability company on whose behalf the designation is delivered has complied with subsection (b) of this section.(d) A person that ceases to be the registered agent for a series limited liability company ceases to be the registered agent for each protected series of the company.(e) A person that ceases to be the registered agent for a protected series of a series limited liability company, other than as a result of the termination of the protected series, ceases to be the registered agent of the company and any other protected series of the company.(f) Except as otherwise agreed by a series limited liability company and its registered agent, the agent is not obligated to distinguish between a process, notice, demand, or other record concerning the company and a process, notice, demand, or other record concerning a protected series of the company.Source Laws 2018, LB1121, § 12.
NE Code § 21-512 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-512 - Service of process, notice, demand, or other record.

21-512.  Service of process, notice, demand, or other record.(a) A protected series of a series limited liability company may be served with a process, notice, demand, or other record required or permitted by law by:(1) serving the company;(2) serving the registered agent of the protected series; or(3) other means authorized by law of this state other than the Nebraska Uniform Limited Liability Company Act.(b) Service of a summons and complaint on a series limited liability company is notice to each protected series of the company of service of the summons and complaint and the contents of the complaint.(c) Service of a summons and complaint on a protected series of a series limited liability company is notice to the company and any other protected series of the company of service of the summons and complaint and the contents of the complaint.(d) Service of a summons and complaint on a foreign series limited liability company is notice to each foreign protected series of the foreign company of service of the summons and complaint and the contents of the complaint.(e) Service of a summons and complaint on a foreign protected series of a foreign series limited liability company is notice to the foreign company and any other foreign protected series of the company of service of the summons and complaint and the contents of the complaint.(f) Notice to a person under subsection (b), (c), (d), or (e) of this section is effective whether or not the summons and complaint identify the person if the summons and complaint name as a party and identify:(1) the series limited liability company or a protected series of the company; or(2) the foreign series limited liability company or a foreign protected series of the foreign company.Source Laws 2018, LB1121, § 13.
NE Code § 21-513 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-513 - Certificate of existence for protected series; certificate of authority for foreign protected series.

21-513.  Certificate of existence for protected series; certificate of authority for foreign protected series.(a) On request of any person, the Secretary of State shall issue a certificate of existence for a protected series of a series limited liability company or a certificate of authority for a foreign protected series if:(1) in the case of a protected series:(A) no statement of dissolution, termination, or relocation pertaining to the protected series has been filed; and(B) the company has delivered to the Secretary of State for filing the most recent biennial report required by section 21-125 and the report includes the name of the protected series, unless:(i) when the company delivered the report for filing, the protected series designation pertaining to the protected series had not yet taken effect; or(ii) after the company delivered the report for filing, the company delivered to the Secretary of State for filing a statement of designation change changing the name of the protected series; or(2) in the case of a foreign protected series, it is authorized to do business in this state.(b) A certificate issued under subsection (a) of this section must state:(1) in the case of a protected series:(A) the name of the protected series of the series limited liability company and the name of the company;(B) that the requirements of subsection (a) of this section are met;(C) the date the protected-series designation pertaining to the protected series took effect; and(D) if a statement of designation change pertaining to the protected series has been filed, the effective date and contents of the statement;(2) in the case of a foreign protected series, that it is authorized to do business in this state;(3) that the fees, taxes, interest, and penalties owed to this state by the protected series or foreign protected series and collected through the Secretary of State have been paid, if:(A) payment is reflected in the records of the Secretary of State; and(B) nonpayment affects the good standing of the protected series; and(4) other facts reflected in the records of the Secretary of State pertaining to the protected series or foreign protected series which the person requesting the certificate reasonably requests.(c) Subject to any qualification stated by the Secretary of State in a certificate issued under subsection (a) of this section, the certificate may be relied on as conclusive evidence of the facts stated in the certificate.Source  Laws 2018, LB1121, § 14;  Laws 2019, LB78, § 6.
NE Code § 21-514 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-514 - Information required in biennial report; effect of failure to provide.

21-514.  Information required in biennial report; effect of failure to provide.(a) In the biennial report required by section 21-125, a series limited liability company shall include the name of each protected series of the company:(1) for which the company has previously delivered to the Secretary of State for filing a protected-series designation; and(2) which has not dissolved and completed winding up.(b) A failure by a series limited liability company to comply with subsection (a) of this section with regard to a protected series prevents issuance of a certificate of existence pertaining to the protected series but does not otherwise affect the protected series.Source  Laws 2018, LB1121, § 15;  Laws 2019, LB78, § 7.
NE Code § 21-515 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-515 - Associated asset.

21-515.  Associated asset.(a) Only an asset of a protected series may be an associated asset of the protected series. Only an asset of a series limited liability company may be an associated asset of the company.(b) An asset of a protected series of a series limited liability company is an associated asset of the protected series only if the protected series creates and maintains records that state the name of the protected series and describe the asset with sufficient specificity to permit a disinterested, reasonable individual to:(1) identify the asset and distinguish it from any other asset of the protected series, any asset of the company, and any asset of any other protected series of the company;(2) determine when and from what person the protected series acquired the asset or how the asset otherwise became an asset of the protected series; and(3) if the protected series acquired the asset from the company or another protected series of the company, determine any consideration paid, the payor, and the payee.(c) An asset of a series limited liability company is an associated asset of the company only if the company creates and maintains records that state the name of the company and describe the asset with sufficient specificity to permit a disinterested, reasonable individual to:(1) identify the asset and distinguish it from any other asset of the company and any asset of any protected series of the company;(2) determine when and from what person the company acquired the asset or how the asset otherwise became an asset of the company; and(3) if the company acquired the asset from a protected series of the company, determine any consideration paid, the payor, and the payee.(d) The records and recordkeeping required by subsections (b) and (c) of this section may be organized by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any asset, or in any other reasonable manner.(e) To the extent permitted by this section and law of this state other than the Nebraska Uniform Protected Series Act, a series limited liability company or protected series of the company may hold an associated asset directly or indirectly, through a representative, nominee, or similar arrangement, except that:(1) a protected series may not hold an associated asset in the name of the company or another protected series of the company; and(2) the company may not hold an associated asset in the name of a protected series of the company.Source Laws 2018, LB1121, § 16.
NE Code § 21-516 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-516 - Associated member.

21-516.  Associated member.(a) Only a member of a series limited liability company may be an associated member of a protected series of the company.(b) A member of a series limited liability company becomes an associated member of a protected series of the company if the operating agreement or a procedure established by the agreement states:(1) that the member is an associated member of the protected series;(2) the date on which the member became an associated member; and(3) any protected-series transferable interest the associated member has in connection with becoming or being an associated member.(c) If a person that is an associated member of a protected series of a series limited liability company is dissociated from the company, the person ceases to be an associated member of the protected series.Source Laws 2018, LB1121, § 17.
NE Code § 21-517 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-517 - Protected-series transferable interest.

21-517.  Protected-series transferable interest.(a) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.(b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.(c) In addition to acquiring a protected-series transferable interest under subsection (b) of this section, a series limited liability company may acquire a protected-series transferable interest through a transfer from another person or as provided in the operating agreement.(d) Except for subdivision (a)(3) of section 21-508, a provision of the Nebraska Uniform Protected Series Act which applies to a protected-series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. A provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.Source  Laws 2018, LB1121, § 18;  Laws 2019, LB78, § 8.
NE Code § 21-518 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-518 - Management.

21-518.  Management.(a) A protected series may have more than one protected-series manager.(b) If a protected series has no associated members, the series limited liability company is the protected-series manager.(c) Section 21-508 applies to determine any duties of a protected-series manager of a protected series of a series limited liability company to:(1) the protected series;(2) any associated member of the protected series; and(3) any protected-series transferee of the protected series.(d) Solely by reason of being or acting as a protected-series manager of a protected series of a series limited liability company, a person owes no duty to:(1) the company;(2) another protected series of the company; or(3) another person in that person’s capacity as:(A) a member of the company which is not an associated member of the protected series;(B) a protected-series transferee or protected-series manager of another protected series; or(C) a transferee of the company.(e) An associated member of a protected series of a series limited liability company has the same rights as any other member of the company to vote on or consent to an amendment to the company’s operating agreement or any other matter being decided by the members, whether or not the amendment or matter affects the interests of the protected series or the associated member.(f) Sections 21-164 to 21-169 apply to a protected series in accordance with section 21-508.Source Laws 2018, LB1121, § 19.
NE Code § 21-519 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-519 - Right of person not associated member of protected series to information concerning protected series.

21-519.  Right of person not associated member of protected series to information concerning protected series.(a) A member of a series limited liability company which is not an associated member of a protected series of the company has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a member that is not a manager of a manager-managed limited liability company has a right to information concerning the company under section 21-139.(b) A person formerly an associated member of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a person dissociated as a member of a manager-managed limited liability company has a right to information concerning the company under section 21-139.(c) If an associated member of a protected series dies, the legal representative of the deceased associated member has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that the legal representative of a deceased member of a limited liability company has a right to information concerning the company under section 21-139.(d) A protected-series manager of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a manager of a manager-managed limited liability company has a right to information concerning the company under section 21-139.Source Laws 2018, LB1121, § 20.