"Series", in the context of a series limited liability company, means a limited liability company series of interest established from time to time by the filing of articles of designation that:

1. (1) has separate rights, powers, or duties with respect to specified property or obligations; and

2. (2) to the extent provided for in an operating agreement, may have a separate business purpose or investment objective from that of:

   1. (A) the master limited liability company; or
   2. (B) any other series of the master limited liability company.

As added by P.L.170-2016, SEC.19.