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.
Ark. Code Ann. § 4-37-603: Restriction on entity transaction involving protected series | Justis AI