Protected series shall not be party to entity transaction.

Iowa Code § 489.14602, under UNIFORM LIMITED LIABILITY COMPANY ACT.

Iowa Code § 489.14602

A protected series shall not do any of the following: 1. Be an acquiring, acquired, converting, converted, merging, or surviving entity. 2. Participate in a domestication. 3. Be a party to or be formed, organized, established, or created in a transaction substantially like a merger, interest exchange, conversion, or domestication. 2019 Acts, ch 26, §28, 41