{"data":{"id":"us-ar/ark.-code-ann.-4-37-501","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-37-501","heading":"Events causing dissolution of protected series","body":"A protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the: (1) dissolution of the company; (2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series; (3) affirmative vote or consent of all members; or (4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series: (A) in accordance with § 4-37-108 ; and (B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or (5) entry by the court of an order dissolving the protected series on application by the company or a member of the company on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal. Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.\n\nA protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the:\n\n(1) dissolution of the company;\n\n(2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series;\n\n(3) affirmative vote or consent of all members; or\n\n(4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series: (A) in accordance with § 4-37-108 ; and (B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or\n\n(A) in accordance with § 4-37-108 ; and\n\n(B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or\n\n(5) entry by the court of an order dissolving the protected series on application by the company or a member of the company on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal.","path":["AR Code","Title 4","Chapter 37","Subchapter 5"],"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":"26da1822c428ae4a2b255620b4b0b3b92428122264a809b7f3f37ce99b43a2f3","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-37-404","next":"us-ar/ark.-code-ann.-4-37-502"},"notice":"GroundRules: Original legal text. Not legal advice."}