Multi-Series Asset Cells

Definition

A single legal entity, such as a series LLC or protected cell company, divided into separate series or cells that each hold their own assets and liabilities, intended to keep one cell's creditors from reaching another's assets. These structures are created by state law, and whether a court outside the forming state will respect the separation is not settled by any federal statute.

Federal law

Formed under state law. No Act of Congress creates it; the federal laws below apply to it as described.

No Act of Congress listed.