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- Subject Index: Since 1995
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2005 SESSION
SB 933 Limited liability companies; procedure for filing of articles of restatement.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Limited liability companies. Establishes a procedure for the filing of articles of restatement of a limited liability company as adopted by its members, managers, or persons who formed the limited liability company. Other provisions (i) clarify that limited liability company operating agreements may contain provisions benefiting third parties; (ii) allow a successor in interest to the last member of a limited liability company to provide for the continuation of the limited liability company and the designation of a new member; (iii) clarify that the articles of organization or operating agreement may provide that a membership interest consists only of non-economic rights; and (iv) provide that existing civil immunity protections available to principals of certain tax-exempt organizations apply to principals of tax-exempt partnerships and limited liability companies. The measure also includes several technical corrections.
FULL TEXT
- 01/11/05 Senate: Prefiled & ordered printed; offered 01/12/05 054122824 pdf
- 01/18/05 Senate: Committee substitute printed 054189824-S1 pdf | impact statement
- 02/26/05 Senate: Bill text as passed Senate and House (SB933ER) pdf | impact statement
- 03/25/05 Governor: Acts of Assembly Chapter text (CHAP0255) pdf
HISTORY
- 01/11/05 Senate: Prefiled & ordered printed; offered 01/12/05 054122824
- 01/11/05 Senate: Referred to Committee on Commerce and Labor
- 01/17/05 Senate: Reported from C. & L. with substitute (14-Y 0-N)
- 01/18/05 Senate: Committee substitute printed 054189824-S1
- 01/19/05 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/19/05 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/20/05 Senate: Read second time
- 01/20/05 Senate: Reading of substitute waived
- 01/20/05 Senate: Committee substitute agreed to 054189824-S1
- 01/20/05 Senate: Engrossed by Senate - committee substitute SB933S1
- 01/21/05 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/21/05 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 01/21/05 Senate: Communicated to House
- 02/07/05 House: Placed on Calendar
- 02/07/05 House: Read first time
- 02/07/05 House: Referred to Committee on Commerce and Labor
- 02/08/05 House: Reported from Commerce and Labor (21-Y 0-N)
- 02/10/05 House: Read second time
- 02/11/05 House: Read third time
- 02/11/05 House: Passed House BLOCK VOTE (91-Y 0-N)
- 02/11/05 House: VOTE: BLOCK VOTE PASSAGE (91-Y 0-N)
- 02/26/05 Senate: Bill text as passed Senate and House (SB933ER)
- 02/26/05 Senate: Enrolled
- 02/26/05 Senate: Signed by President
- 02/26/05 House: Signed by Speaker
- 03/20/05 Governor: Approved by Governor-Chapter 255 (effective 7/1/05)
- 03/25/05 Governor: Acts of Assembly Chapter text (CHAP0255)