Ark. Code § 4-37-103

Current with legislation from 2024 Fiscal and Special Sessions.

Section 4-37-103 - Nature of protected series

A protected series of a series limited liability company is a person distinct from:

(1) the company, subject to § 4-37-104(c), § 4-37-501(1), and § 4-37-502(d);

(2) another protected series of the company;

(3) a member of the company, whether or not the member is an associated member of the protected series;

(4) a protected-series transferee of a protected series of the company; and

(5) a transferee of a transferable interest of the company.

Ark. Code § 4-37-103

Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.