The statement of limitation on liabilities of a series required by Section 10A-5A-11.02(b)(3) is sufficient regardless of whether:

(a) the limited liability company has established any series under this chapter when the statement of limitations is contained in the certificate of formation; and
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Terms Used In Alabama Code 10A-5A-11.04

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(b) the statement of limitations makes reference to a specific series of the limited liability company.
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