(a) Assets of a series may be held directly or indirectly, including being held in the name of the series or in the name of the limited liability company.
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Terms Used In Alabama Code 10A-5A-11.03

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(b) If the records of a series are maintained in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure, including a percentage or share of any assets, or by any other method in which the identity of the assets can be objectively determined, the records are considered to satisfy the requirements of Section 10A-5A-11.02(b)(1).
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