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2006 SESSION
SB 547 Limited liability companies; establishes procedures thereof.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Limited liability companies and limited partnerships; domestication. Establishes a procedure by which a foreign limited liability company may become a domestic limited liability company. The provisions establishing the procedure for domestication of a foreign limited liability company become effective on November 1, 2006. The measure also provides procedures for publishing notice of the dissolution of a limited liability company or limited partnership, and for serving a summons upon a limited liability company. The measure revises numerous provisions to update references to business entities and give limited liability companies the same rights as are provided to other forms of business entities.
SUMMARY AS PASSED SENATE:
Limited liability companies and limited partnerships; domestication. Establishes a procedure by which a foreign limited liability company may become a domestic limited liability company. The measure also provides procedures for publishing notice of the dissolution of a limited liability company or limited partnership, and for serving a summons upon a limited liability company. The measure revises numerous provisions to update references to business entities and give limited liability companies the same rights as are provided to other forms of business entities.
SUMMARY AS INTRODUCED:
Limited liability companies; limited partnerships. Establishes procedures for the domestication of foreign limited liability companies, for publishing notice of the dissolution of a limited liability company or limited partnership, and for serving a summons upon a limited liability company. The measure revises numerous provisions to update references to business entities and give limited liability companies the same rights as are provided to other forms of business entities.