Ark. Code Ann. § 4-37-603
Restriction on entity transaction involving protected series
Last amended: 2019Year: 2026Length: 94 words
A series limited liability company may not be: (1) an acquiring, acquired, converting, converted, domesticating, or domesticated entity; or (2) except as otherwise provided in § 4-37-604 , a party to or the surviving company of a merger. Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.
A series limited liability company may not be:
(1) an acquiring, acquired, converting, converted, domesticating, or domesticated entity; or
(2) except as otherwise provided in § 4-37-604 , a party to or the surviving company of a merger.
Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.