Iowa Code § 489.14103

Current through March 29, 2024

Section 489.14103 - Nature of protected series

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

1. The company, subject to section 489.14104, subsection 3, section 489.14501, subsection 1, and section 489.14502, subsection 4.

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.

5. A transferee of a transferable interest of the company.

Iowa Code § 489.14103

2019 Acts, ch 26, §3, 41

Added by 2019 Iowa, ch 26, s 3, eff. 7/1/2020.

Referred to in §489.14107