Iowa § 489.14302 Associated member

Iowa Statutes

§ 489.14302 — Associated member

Iowa § 489.14302

Title XIIBUSINESS ENTITIES

Ch. 489UNIFORM LIMITED LIABILITY COMPANY ACT

This text of Iowa § 489.14302 (Associated member) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 489.14302 (2026).

Text

1.Only a member of a series limited liability company may be an associated member of a protected series of the company.

2.A member of a series limited liability company becomes an associated member of a protected series of the company if the operating agreement or a procedure established by the agreement states all of the following:

a.That the member is an associated member of the protected series.

b.The date on which the member became an associated member.

c.Any protected-series transferable interest the associated member has in connection with becoming or being an associated member.

3.If a person that is an associated member of a protected series of a series limited liability company is dissociated from the company, the person ceases to be an associated member of the protected seri

Free access — add to your briefcase to read the full text and ask questions with AI

1. Only a member of a series limited liability company may be an associated member of
a protected series of the company.
2. A member of a series limited liability company becomes an associated member of a
protected series of the company if the operating agreement or a procedure established by the
agreement states all of the following:
a. That the member is an associated member of the protected series.
b. The date on which the member became an associated member.
c. Any protected-series transferable interest the associated member has in connection
with becoming or being an associated member.
3. If a person that is an associated member of a protected series of a series limited liability
company is dissociated from the company, the person ceases to be an associated member of
the protected series.