Arkansas § 4-37-104 Powers and duration of protected series

Arkansas Statutes

§ 4-37-104 — Powers and duration of protected series

Arkansas § 4-37-104

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This text of Arkansas § 4-37-104 (Powers and duration of protected series) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-37-104 (2026).

Text

(a)A protected series of a series limited liability company has the capacity to sue and be sued in its own name.

(b)Except as otherwise provided in subsections (c) and (d), a protected series of a series limited liability company has the same powers and purposes as the company.

(c)A protected series of a series limited liability company ceases to exist not later than when the company completes its winding up.

(d)A protected series of a series limited liability company may not:

(1)be a member of the company;

(2)establish a protected series; or (3) except as permitted by law of this state other than this chapter, have a purpose or power that the law of this state other than this chapter prohibits a limited liability company from doing or having.

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(a) A protected series of a series limited liability company has the capacity to sue and be sued in its own name. (b) Except as otherwise provided in subsections (c) and (d), a protected series of a series limited liability company has the same powers and purposes as the company. (c) A protected series of a series limited liability company ceases to exist not later than when the company completes its winding up. (d) A protected series of a series limited liability company may not: (1) be a member of the company; (2) establish a protected series; or (3) except as permitted by law of this state other than this chapter, have a purpose or power that the law of this state other than this chapter prohibits a limited liability company from doing or having.