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2002 SESSION

• | print version

HB 997 Limited liability companies.

Introduced by: Robert F. McDonnell | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Limited liability companies. Provides for the electronic transmission of consents and proxies by members and managers of limited liability companies (LLCs). Other amendments to the Virginia Limited Liability Company Act (i) provide for member agreements regarding access to an LLC's records; (ii) enable courts to appoint liquidating trustees for LLCs that are judicially dissolved; (iii) exclude distributions made to managers and members from calculations of cash compensation made in connection with limits on liability; and (iv) clarify that a member's ability to dissociate from an LLC by submitting a resignation notice is available only if resignation of a member is provided for in the articles of organization or an operating agreement.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 027385836  pdf | impact statement
• 02/01/02  House: Printed as engrossed 027385836-E  pdf | impact statement
• 03/09/02  House: Bill text as passed House and Senate (HB997ER)  pdf | impact statement
• 04/02/02  Governor: Acts of Assembly Chapter text (CHAP0288)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 027385836
• 01/09/02  House: Referred to Committee on Commerce and Labor
• 01/29/02  House: Reported from C. & L. with amendment (22-Y 0-N)
• 01/31/02  House: Read first time
• 02/01/02  House: Read second time
• 02/01/02  House: Committee amendment agreed to
• 02/01/02  House: Engrossed by House as amended
• 02/01/02  House: Printed as engrossed 027385836-E
• 02/04/02  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/04/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/04/02  House: Communicated to Senate
• 02/05/02  Senate: Constitutional reading dispensed
• 02/05/02  Senate: Referred to Committee on Commerce and Labor
• 02/25/02  Senate: Reported from Commerce and Labor (12-Y 0-N)
• 02/27/02  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/27/02  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/28/02  Senate: Read third time
• 02/28/02  Senate: Passed Senate (40-Y 0-N)
• 02/28/02  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 03/09/02  House: Bill text as passed House and Senate (HB997ER)
• 03/18/02  House: Enrolled
• 03/18/02  House: Signed by Speaker
• 03/19/02  Senate: Signed by President
• 04/01/02  Governor: Approved by Governor-Chapter 288 (effective 7/1/02)
• 04/02/02  Governor: Acts of Assembly Chapter text (CHAP0288)