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