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2002 SESSION

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SB 243 Limited and professional limited liability companies.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Limited liability companies; professional limited liability companies. Clarifies who must authenticate the records of a foreign limited liability company and that a foreign limited liability company's designated name must be stated on an application for registration. The payment of outstanding penalties is made a prerequisite to the filing of limited liability company documents. A partnership or limited partnership that is converting to a limited liability company is required to include in its articles of organization the date and place of its original filing. The measure also allows a professional limited liability company to use the phrase "professional limited company" or "professional limited liability company" in its name while clarifying that such phrases are disregarded when determining name availability.


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