AR Code § 4-37-105 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 37 - Uniform Protected Series Act|Subchapter 1 - General Provisions|§ 4-37-105. Governing law

 The law of this state governs:   (1) the internal affairs of a protected series of a series limited liability company, including:  (A) relations among any associated members of the protected series;  (B) relations among the protected series and:  (i) any associated member;  (ii) the protected-series manager; or  (iii) any protected-series transferee;    (C) relations between any associated member and:  (i) the protected-series manager: or  (ii) any protected-series transferee;    (D) the rights and duties of a protected-series manager;  (E) governance decisions affecting the activities and affairs of the protected series and the conduct of those activities and affairs; and  (F) procedures and conditions for becoming an associated member or protected-series transferee;    (2) the relations between a protected series of a series limited liability company and each of the following:  (A) the company;  (B) another protected series of the company;  (C) a member of the company which is not an associated member of the protected series;  (D) a protected-series manager that is not a protected-series manager of the protected series; and  (E) a protected-series transferee that is not a protected-series transferee of the protected series;    (3) the liability of a person for a debt, obligation, or other liability of a protected series of a series limited liability company if the debt, obligation, or liability is asserted solely by reason of the person being or acting as:  (A) an associated member, protected-series transferee, or protected-series manager of the protected series;  (B) a member of the company which is not an associated member of the protected series;  (C) a protected-series manager that is not a protected-series manager of the protected series;  (D) a protected-series transferee that is not a protected-series transferee of the protected series;  (E) a manager of the company; or  (F) a transferee of a transferable interest of the company;    (4) the liability of a series limited liability company for a debt, obligation, or other liability of a protected series of the company if the debt, obligation, or liability is asserted solely by reason of the company:  (A) having delivered to the Secretary of State for filing under § 4-37-201(b) a protected series designation pertaining to the protected series or under § 4-37-201(d) or § 4-37-202(c) a statement of designation change pertaining to the protected series;  (B) being or acting as a protected-series manager of the protected series;  (C) having the protected series be or act as a manager of the company; or  (D) owning a protected-series transferable interest of the protected series; and    (5) the liability of a protected series of a series limited liability company for a debt, obligation, or other liability of the company or of another protected series of the company if the debt, obligation, or liability is asserted solely by reason of:  (A) the protected series:  (i) being a protected series of the company or having as a protected-series manager the company or another protected series of the company; or  (ii) being or acting as a protected-series manager of another protected series of the company or a manager of the company; or    (B) the company owning a protected-series transferable interest of the protected series.