A protected series of a series limited liability company is a person distinct from all of the following:
(1) The series limited liability company, subject to ss. 605.2104(3), 605.2501(1), and 605.2502(4).
(2) Another protected series of the series limited liability company.
(3) A member of the series limited liability company, regardless of whether the member is an associated member of the protected series of the series limited liability company.
(4) A protected-series transferee of a protected series of the series limited liability company.
(5) A transferee of a transferable interest of the series limited liability company.