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2000 SESSION

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HB 902 Limited liability companies.

Introduced by: Alan A. Diamonstein | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Limited liability companies. Clarifies that the existing provision for the domestication of a non-United States' entity as a limited liability company (LLC) does not require the dissolution of the foreign entity in its original jurisdiction; provides that a person may be admitted to membership in an LLC without acquiring economic rights in the LLC; clarifies the status of a former member's membership interest and the status of the company after a member dissociates; makes clear that it is permissible for an operating agreement to provide for the manner in which a new member will be admitted to the LLC upon an event that terminates the membership of the last remaining member of the LLC; and adds a provision to the Revised Uniform Limited Partnership Act to declare existing law regarding a limited partner's rights upon withdrawal from a partnership.

FULL TEXT

• 01/24/00  House: Presented & ordered printed 001760724  pdf
• 03/02/00  House: Bill text as passed House and Senate (HB902ER)  pdf
• 04/20/00  Governor: Acts of Assembly Chapter text (CHAP0581)  pdf

HISTORY

• 01/24/00  House: Presented & ordered printed 001760724
• 01/24/00  House: Referred to Committee on Corporations, Insurance and Banking
• 02/01/00  House: Reported from Corp., Ins. & Banking (24-Y 0-N)
• 02/02/00  House: Read first time
• 02/03/00  House: Read second time and engrossed
• 02/04/00  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/04/00  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/04/00  House: Communicated to Senate
• 02/07/00  Senate: Constitutional reading dispensed
• 02/07/00  Senate: Referred to Committee on Commerce and Labor
• 02/21/00  Senate: Reported from Commerce and Labor (13-Y 0-N)
• 02/22/00  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/22/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/23/00  Senate: Read third time
• 02/23/00  Senate: Passed Senate (39-Y 0-N)
• 02/23/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 03/02/00  House: Bill text as passed House and Senate (HB902ER)
• 03/07/00  House: Enrolled
• 03/07/00  House: Signed by Speaker
• 03/08/00  Senate: Signed by President
• 04/07/00  Governor: Approved by Governor-Chapter 581 (effective 7/1/00)
• 04/20/00  Governor: Acts of Assembly Chapter text (CHAP0581)