A protected series may not:
(1) be an acquiring, acquired, converting, converted, merging, or surviving entity;
(2) participate in a domestication; or
(3) be a party to or be formed, organized, established, or created in a transaction substantially like a merger, interest exchange, conversion, or domestication.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 37 - Uniform Protected Series Act
Subchapter 6 - Entity Transactions Restricted
§ 4-37-602. Protected series may not be party to entity transaction
§ 4-37-603. Restriction on entity transaction involving protected series
§ 4-37-604. Merger authorized — Parties restricted