Nature of protected series

Ark. Code Ann. § 4-37-103, under Uniform Protected Series Act.

Ark. Code Ann. § 4-37-103

(1) A protected series of a series limited liability company is a person distinct from:(1) the company, subject to § 4-37-104(c), § 4-37-501(1), and § 4-37-502(d);(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; and(5) a transferee of a transferable interest of the company.

(1) the company, subject to § 4-37-104(c), § 4-37-501(1), and § 4-37-502(d);

(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; and

(5) a transferee of a transferable interest of the company.