Arkansas § 4-37-303 Protected-Series transferable interest

Arkansas Statutes

§ 4-37-303 — Protected-Series transferable interest

Arkansas § 4-37-303

Title4

This text of Arkansas § 4-37-303 (Protected-Series transferable interest) 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. § 4-37-303 (2026).

Text

(a)A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.

(b)If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.

(c)In addition to acquiring a protected series transferable series interest under subsection (b), a series limited liability company may acquire a series transferable interest through a transfer from another person or as provided in the operating agreement.

(d)Except for § 4-37-108(a)(3) , a provision of this chapter which applies to a protected series transferee of a protected series of a series limited lia

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(a) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company. (b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series. (c) In addition to acquiring a protected series transferable series interest under subsection (b), a series limited liability company may acquire a series transferable interest through a transfer from another person or as provided in the operating agreement. (d) Except for § 4-37-108(a)(3) , a provision of this chapter which applies to a protected series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. A provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.