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1994 SESSION

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HB 995 Limited liability companies.

Introduced by: W. W. Bennett, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Limited liability companies. Amends Limited Liability Company (LLC) Act provisions authorizing the continuation of an LLC's business following the dissociation of an LLC's member. The bill also (i) authorizes a professional limited liability company registered pursuant to § 54.1-3902 to serve as a registered agent of a stock or nonstock corporation, (ii) lists the various persons authorized to serve as registered agents of LLCs, and (iii) incorporates provisions addressing the free transferability and continuity of life characteristics of LLCs. The amendments concerning free transferability and continuity of life reflect recent amendments to U.S. Internal Revenue Service (IRS) regulations and IRS revenue rulings relaxing the unanimity requirements of these characteristics.

FULL TEXT

• 01/25/94  House: Presented and ordered printed  pdf
• 02/03/94  House: Printed as engrossed LD1593743 (HB995E)  pdf
• 03/03/94  House: Bill text as passed House and Senate (HB995ER)  pdf
• 04/07/94  Governor: Acts of Assembly Chapter text (CHAP0348)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/25/94  House: Presented and ordered printed
• 01/25/94  House: Referred to Committee on Corporations, Insurance and Banking
• 02/01/94  House: Reported from C. I. B. w/amds. (22-Y 0-N)
• 02/02/94  House: Read first time
• 02/03/94  House: Read second time
• 02/03/94  House: Committee amendments agreed to
• 02/03/94  House: Engrossed by House as amended
• 02/03/94  House: Printed as engrossed LD1593743 (HB995E)
• 02/04/94  House: Read third time and passed House (Block Vote) (99-Y 0-N)
• 02/04/94  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/04/94  House: Communicated to Senate
• 02/07/94  Senate: Read first time
• 02/07/94  Senate: Referred to Committee on Commerce and Labor
• 02/21/94  Senate: Reported from Commerce and Labor (14-Y 0-N)
• 02/22/94  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/22/94  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/23/94  Senate: Read third time
• 02/23/94  Senate: Passed Senate (38-Y 0-N)
• 02/23/94  Senate: VOTE: PASSAGE (38-Y 0-N)
• 03/03/94  House: Bill text as passed House and Senate (HB995ER)
• 03/09/94  House: Enrolled
• 03/09/94  House: Signed by Speaker
• 03/10/94  Senate: Signed by President
• 04/05/94  Governor: Approved by Governor-Chapter 348 (effective 7/1/94)
• 04/07/94  Governor: Acts of Assembly Chapter text (CHAP0348)