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4-37-305. Right of person not associated member of protected series to information concerning protected series.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-37-305. Right of person not associated member of protected series to information concerning protected series.
(a) A member of a series limited liability company which is not an associated member of a protected series of the company has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a member that is not a manager of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
(b) A person formerly an associated member of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a person dissociated as a member of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
(c) If an associated member of a protected series dies, the legal representative of the deceased associated member has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that the legal representative of a deceased member of a limited liability company has a right to information concerning the company under § 4-32-405(c).
(d) A protected-series manager of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a manager of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-37-305
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-37-305
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 24194e8a3acd08da089edf1fc6d725ff40738a9c3ccb2b85ce5f053a59070045
Source location: content.xml paragraph 25231
Stored source content
4-37-305. Right of person not associated member of protected series to information concerning protected series.
(a) A member of a series limited liability company which is not an associated member of a protected series of the company has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a member that is not a manager of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
(b) A person formerly an associated member of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a person dissociated as a member of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
(c) If an associated member of a protected series dies, the legal representative of the deceased associated member has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that the legal representative of a deceased member of a limited liability company has a right to information concerning the company under § 4-32-405(c).
(d) A protected-series manager of a protected series has a right to information concerning the protected series to the same extent, in the same manner, and under the same conditions that a manager of a manager-managed limited liability company has a right to information concerning the company under § 4-32-405(b).
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-32-405. Records and information.
(a) Unless otherwise provided in writing in an operating agreement, a limited liability company shall keep at its principal place of business the following:
(1) A current and a past list, setting forth the full name and last known mailing address of each member and manager, if any, set forth in alphabetical order;
(2) A copy of the articles of organization and all amendments thereto, together with executed copies of any powers of attorney pursuant to which the articles of amendment have been executed;
(3) Copies of the limited liability company's federal, state, and local income tax returns and financial statements, if any, for the three (3) most recent years or, if those returns and statements were not prepared for any reason, copies of the information and statements provided to, or which should have been provided to, the members to enable them to prepare their federal, state, and local tax returns for the period;
(4) Copies of any effective written operating agreements, and all amendments thereto, and copies of any written operating agreements no longer in effect; and
(5) Unless contained in writing in an operating agreement:
(A) A writing, if any, setting forth the amount of cash and a statement of the agreed value of other property or services contributed by each member and the times at which or events upon the happening of which any additional contributions are to be made by each member;
(B) A writing, if any, stating events upon the happening of which the limited liability company is to be dissolved and its affairs wound up; and
(C) Other writings, if any, prepared pursuant to a requirement in an operating agreement.
(b) Upon reasonable request, a member may, at the member's own expense, inspect and copy durin
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-32-405
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-32-405. This identifies an authority to review, not proof of applicability.