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2015 SESSION

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HB 2059 Limited partnerships; admission or withdrawal of partners.

Introduced by: Todd E. Pillion | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Limited partnerships; admission or withdrawal of partners. Provides that a person may be admitted to a limited partnership as a general partner and may receive a partnership interest in it without making, or being required to make, a contribution to the limited partnership. The measure also provides that, unless a partnership agreement otherwise provides, a person may be admitted to a limited partnership as its general partner without acquiring a partnership interest in the limited partnership. Finally, the measure clarifies that the withdrawal of a general partner from a limited partnership does not cause its dissolution (i) when there is at least one other general partner, unless the partnership agreement provides otherwise or all remaining partners agree, or (ii) when all remaining partners agree in writing to continue the business of the limited partnership.

FULL TEXT

• 01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15101208D  pdf
• 02/24/15  House: Bill text as passed House and Senate (HB2059ER)  pdf
• 03/26/15  Governor: Acts of Assembly Chapter text (CHAP0614)  pdf

HISTORY

• 01/14/15  House: Prefiled and ordered printed; offered 01/14/15 15101208D
• 01/14/15  House: Referred to Committee on Commerce and Labor
• 01/22/15  House: Reported from Commerce and Labor (20-Y 1-N)
• 01/26/15  House: Read first time
• 01/27/15  House: Read second time and engrossed
• 01/28/15  House: Read third time and passed House (95-Y 3-N)
• 01/28/15  House: VOTE: PASSAGE (95-Y 3-N)
• 01/29/15  Senate: Constitutional reading dispensed
• 01/29/15  Senate: Referred to Committee on Commerce and Labor
• 02/16/15  Senate: Reported from Commerce and Labor (13-Y 2-N)
• 02/18/15  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/19/15  Senate: Read third time
• 02/19/15  Senate: Passed Senate (35-Y 3-N)
• 02/24/15  House: Enrolled
• 02/24/15  House: Bill text as passed House and Senate (HB2059ER)
• 02/25/15  House: Signed by Speaker
• 02/26/15  Senate: Signed by President
• 02/26/15  House: Enrolled Bill communicated to Governor on 2/26/15
• 02/26/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
• 03/26/15  Governor: Approved by Governor-Chapter 614 (effective 7/1/15)
• 03/26/15  Governor: Acts of Assembly Chapter text (CHAP0614)