Iowa Code § 489.14103
Nature of protected series
Redline — January 1, 2021 → current.View current text →
Current — January 1, 2022
As of January 1, 2021
A protected series of a series limited liability company is a person distinct from all of the following:
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.
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.
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.
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.
4. A protected-series transferee of a protected series of the company.
5. A transferee of a transferable interest of the company.
5. A transferee of a transferable interest of the company.
Section takes effect July 1, 2020; 2019 Acts, ch 26, §41
NEW section
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.