{"data":{"id":"us-ar/ark.-code-ann.-4-37-303","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-37-303","heading":"Protected-Series transferable interest","body":"(a) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the company.\n\n(b) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.\n\n(c) In addition to acquiring a protected series transferable series interest under subsection (b), a series limited liability company may acquire a series transferable interest through a transfer from another person or as provided in the operating agreement.\n\n(d) Except for § 4-37-108(a)(3) , a provision of this chapter which applies to a protected series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. A provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.","path":["AR Code","Title 4","Chapter 37","Subchapter 3"],"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":"fdaf5e07467bcbed8537e3b6d7f8446b492e148e73b71e1d4203d4076e8a4722","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-37-302","next":"us-ar/ark.-code-ann.-4-37-304"},"notice":"GroundRules: Original legal text. Not legal advice."}