Ark. Code Ann. § 4-37-103: Nature of protected series

A protected series of a series limited liability company is a person distinct from:

(1) the company, subject to § 4-37-104(c) , § 4-37-501(1) , and § 4-37-502(d) ;

(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;

(4) a protected-series transferee of a protected series of the company; and

(5) a transferee of a transferable interest of the company.