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.
2019 Acts, ch 26, §3, 41
Referred to in §489.14107
Section takes effect July 1, 2020; 2019 Acts, ch 26, §41
NEW section