Nature of protected series

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Corporations and Associations
  5. Uniform Protected Series Act
  6. General Provisions
  7. Nature of protected series

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

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

  2. (2) another protected series of the company;

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

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

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


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