1. A. A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of:

   1. 1. A protected series of a series limited liability company solely by reason of being or acting as:

      1. a. An associated member, protected series manager, or protected series assignee of the protected series; or
      2. b. A member, manager, or an assignee of the series limited liability company; or
   2. 2. A series limited liability company solely by reason of being or acting as an associated member, protected series manager, or protected series assignee of a protected series of the series limited liability company.

2. B. Subject to § 13.1-1099.10, the following rules apply:

   1. 1. A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the series limited liability company.
   2. 2. A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series.

   3. 3. A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the series limited liability company solely by reason of the protected series being a protected series of the series limited liability company or the series limited liability company:

      1. a. Being or acting as a protected series manager of the protected series;
      2. b. Having the protected series manage the series limited liability company; or
      3. c. Owning a protected series membership interest of the protected series.

   4. 4. A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the series limited liability company or another protected series of the series limited liability company solely by reason of:

      1. a. Being a protected series of the series limited liability company;
      2. b. Being or acting as a manager of the series limited liability company or a protected series manager of another protected series of the series limited liability company; or
      3. c. Having the series limited liability company or another protected series of the series limited liability company be or act as a protected series manager of the protected series.

2019, c. 636.