Protected series may not be party to entity transaction
Known as the Uniform Protected Series Act
The act spans §§ 4–4 (43 sections).
Acts 2019, No. 665, § 1.
A protected series may not:
(1) be an acquiring, acquired, converting, converted, merging, or surviving entity;
(2) participate in a domestication; or
(3) be a party to or be formed, organized, established, or created in a transaction substantially like a merger, interest exchange, conversion, or domestication.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.