Records maintained for any such series must account for the assets associated with such series separately from the other assets of the LLC/other series thereof.  The LLC agreement must provide for separate limited liability and notice of the limitation on liabilities of a series must be set forth in the certificate of formation of the LLC) (6 Del. Code §18-215(b)).

This entry was posted on Sunday, December 11th, 2016 at 1:39 pm