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2008 SESSION
SB 573 Limited Liability Company Act; reorganizes provisions thereof.
Introduced by: Richard L. Saslaw | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Limited Liability Company Act. Reorganizes provisions of the Virginia Limited Liability Company Act regarding the winding up, cancellation, and reinstatement of limited liability companies. The revisions to the structure of the Act conform to the organization of the Virginia Stock and Nonstock Corporation Acts. Other provisions address the involuntary cancellation of domestic and foreign limited liability companies and state that upon certain events a limited liability company's existence is cancelled, rather than stating that the events result in cancellation of the company's certificate of organization. The measure also (i) provides a uniform method of reinstating a domestic limited liability company that has been canceled, (ii) authorizes the removal of the initial registered office and registered agent information in the articles of organization if a statement of change is on file with the Commission, and (iii) makes technical clarifications.
FULL TEXT
- 01/09/08 Senate: Prefiled and ordered printed; offered 01/09/08 080089864 pdf | impact statement
- 02/20/08 Senate: Bill text as passed Senate and House (SB573ER) pdf | impact statement
- 03/04/08 Governor: Acts of Assembly Chapter text (CHAP0108) pdf
HISTORY
- 01/09/08 Senate: Prefiled and ordered printed; offered 01/09/08 080089864
- 01/09/08 Senate: Referred to Committee on Commerce and Labor
- 01/14/08 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/16/08 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/17/08 Senate: Read second time and engrossed
- 01/18/08 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/18/08 Senate: Communicated to House
- 02/11/08 House: Placed on Calendar
- 02/11/08 House: Read first time
- 02/11/08 House: Referred to Committee on Commerce and Labor
- 02/14/08 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/18/08 House: Read second time
- 02/19/08 House: Read third time
- 02/19/08 House: Passed House BLOCK VOTE (97-Y 0-N)
- 02/19/08 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/20/08 Senate: Enrolled
- 02/20/08 Senate: Bill text as passed Senate and House (SB573ER)
- 02/20/08 House: Signed by Speaker
- 02/22/08 Senate: Signed by President
- 03/02/08 Governor: Approved by Governor-Chapter 108 (effective 4/1/09)
- 03/04/08 Governor: Acts of Assembly Chapter text (CHAP0108)