1. Except as otherwise provided in subsection 2, the name of a protected series must comply with section 489.108.

Need help with a review of an LLC operating agreement?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

Terms Used In Iowa Code 489.14202

  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Iowa Code 489.102
 2. The name of a protected series of a series limited liability company must do all of the following:

 a. Begin with the name of the company, including any word or abbreviation required by section 489.108.
 b. Contain the phrase “Protected Series” or “protected series” or the abbreviation “P.S.” or “PS”.
 3. If a series limited liability company changes its name, the company shall deliver to the secretary of state for filing a statement of designation change for each of the company’s protected series, changing the name of each protected series to comply with this section.