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2021 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 489 - REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
Section 489.14103 - Nature of protected series.
Universal Citation: IA Code § 489.14103 (2021)
489.14103 Nature of protected series.
A protected series of a series limited liability company is a person distinct from all of the following:
1. The company, subject to section 489.14104, subsection 3, section 489.14501, subsection 1, and section 489.14502, subsection 4.
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.
5. A transferee of a transferable interest of the company.
2019 Acts, ch 26, §3, 41
Referred to in §489.14107
Section takes effect July 1, 2020; 2019 Acts, ch 26, §41
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