{"data":{"id":"us-ar/ark.-code-ann.-4-37-104","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-37-104","heading":"Powers and duration of protected series","body":"(a) A protected series of a series limited liability company has the capacity to sue and be sued in its own name. (b) Except as otherwise provided in subsections (c) and (d), a protected series of a series limited liability company has the same powers and purposes as the company. (c) A protected series of a series limited liability company ceases to exist not later than when the company completes its winding up. (d) A protected series of a series limited liability company may not: (1) be a member of the company; (2) establish a protected series; or (3) except as permitted by law of this state other than this chapter, have a purpose or power that the law of this state other than this chapter prohibits a limited liability company from doing or having. Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.\n\n(a) A protected series of a series limited liability company has the capacity to sue and be sued in its own name.\n\n(b) Except as otherwise provided in subsections (c) and (d), a protected series of a series limited liability company has the same powers and purposes as the company.\n\n(c) A protected series of a series limited liability company ceases to exist not later than when the company completes its winding up.\n\n(d) A protected series of a series limited liability company may not: (1) be a member of the company; (2) establish a protected series; or (3) except as permitted by law of this state other than this chapter, have a purpose or power that the law of this state other than this chapter prohibits a limited liability company from doing or having.\n\n(1) be a member of the company;\n\n(2) establish a protected series; or\n\n(3) except as permitted by law of this state other than this chapter, have a purpose or power that the law of this state other than this chapter prohibits a limited liability company from doing or having.","path":["AR Code","Title 4","Chapter 37","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"af20e3ea311decc8828ba622a4381d969411416be49d08f5c1cd5b44376d870c","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-37-103","next":"us-ar/ark.-code-ann.-4-37-105"},"notice":"GroundRules: Original legal text. Not legal advice."}