489.14803  Transitional provisions.
  1.  Before July 1, 2021, this article governs only the following:
  a.  A series limited liability company formed, or a protected series established, on or after July 1, 2020.
  b.  A limited liability company that is a series limited liability company before July 1, 2020, and elects, in the manner provided in its operating agreement or by law for amending the operating agreement, to be subject to this article.
  2.  If a series limited liability company elects under subsection 1, paragraph “b”, to be subject to this article:
  a.  The election applies to each protected series of the company, whenever established.
  b.  A manager of the company has the right to sign and deliver to the secretary of state for filing any record necessary to comply with this article, whether the record pertains to the company, a protected series of the company, or both.
  3.  On and after July 1, 2021, this article governs all series limited liability companies and protected series.
  4.  Until July 1, 2021, sections 489.14402 and 489.14404 do not apply to a foreign protected series that was established before July 1, 2020, or a foreign limited liability company that became a foreign series limited liability company before July 1, 2020.
  5.  This section is repealed on July 1, 2021.
2019 Acts, ch 26, §39, 41
Referred to in §489.14107
Section takes effect July 1, 2020; 2019 Acts, ch 26, §41
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