48-2c-616 - Foreign limited liability company -- Series. - Utah Statutes

48-2c-616. Foreign limited liability company -- Series.
(1) If a foreign limited liability company that is registering to do business in the state isgoverned 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 thestate which of the protections for the series and company found in Section 48-2c-606 apply to aseries.
(b) If different protections found in Section 48-2c-606 apply to different series of acompany, 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