Arkansas § 4-37-501 Events causing dissolution of protected series

Arkansas Statutes

§ 4-37-501 — Events causing dissolution of protected series

Arkansas § 4-37-501

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This text of Arkansas § 4-37-501 (Events causing dissolution 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. § 4-37-501 (2026).

Text

A protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the:

(1)dissolution of the company;

(2)occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series;

(3)affirmative vote or consent of all members; or (4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series:

(A)in accordance with § 4-37-108 ; and (B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or (5) entry by the court of an order dissolving the protected series on ap

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A protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the: (1) dissolution of the company; (2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series; (3) affirmative vote or consent of all members; or (4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series: (A) in accordance with § 4-37-108 ; and (B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or (5) entry by the court of an order dissolving the protected series on application by the company or a member of the company on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal.