Iowa Code 489.14403 – Remedies of judgment creditor of associated member or protected-series transferee
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1. An associated member or protected-series transferee of a protected series.
Terms Used In Iowa Code 489.14403
- 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
- Member: means a person for whom all of the following are true:a. See Iowa Code 489.102
- Transferable interest: means the right, as initially owned by a person in the person's capacity as a member, to receive distributions from a limited liability company, whether or not the person remains a member or continues to own any part of the right. See Iowa Code 489.102
- Transferee: includes a person that owns a transferable interest under section 489. See Iowa Code 489.102
2. A series limited liability company, to the extent the company owns a protected-series transferable interest of a protected series.