Nature of protected series.
Iowa Code § 489.14103
in effect489.14103. Nature of protected series.
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.
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.
5. A transferee of a transferable interest of the company.
2019 Acts, ch 26, §3, 41
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/489.14103.pdfFetched: 10/20/2026