Photo credit: Olga Yastremska, New Africa, Africa Studio Master May Not Be Sued in Lieu of Series LLC, Nevada Supreme Court Tells 9th Circuit
"When these statutory provisions are met, series LLCs are treated as entities separate from the master LLC for purposes of suing and being sued," stated Justice Linda Marie Bell, in her written opinion for the court.
July 18, 2023 at 12:45 PM
5 minute read
Real Estate
The Nevada Supreme Court answered a certified question from the U.S. Court of Appeals for the Ninth Circuit on whether a series LLC must be sued in its own name for a court to obtain jurisdiction over it, or if the master LLC, under which the series was created, can be sued instead.
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