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1998 SESSION
HB 906 Limited Liability Company Act.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY:
Limited Liability Company Act. Amends the Limited Liability Company Act by (i) providing for certificates of correction to correct a limited liability company's articles of organization, (ii) adding provisions permitting designations of officers and other agents and voting by proxy and unanimous consent, (iii) providing for events which cause disassociation of a member of a limited liability company, (iv) eliminating disassociation of a member as a cause for dissolution of a limited liability company, and (vi) permitting reinstatement of a limited liability company after cancellation of a certificate of organization. The bill also subjects members and managers of limited liability companies to the same penalties for willfully failing to pay, collect, or truthfully account for tax payments as those imposed on corporate and partnership officers, and grants the same tax credits for donations of professional services as those granted to sole proprietors and partnerships.
FULL TEXT
- 01/26/98 House: Presented & ordered printed 989210204 pdf
- 02/16/98 House: Printed as engrossed 989210204-E pdf
- 03/17/98 House: Bill text as passed House and Senate (HB906ER) pdf
- 04/20/98 Governor: Acts of Assembly Chapter text (CHAP0432) pdf
AMENDMENTS
HISTORY
- 01/26/98 House: Presented & ordered printed 989210204
- 01/26/98 House: Referred to Committee on Corporations, Insurance and Banking
- 02/14/98 House: Reported from C. I. B. w/amds. (26-Y 0-N)
- 02/15/98 House: Read first time
- 02/16/98 House: Read second time
- 02/16/98 House: Committee amendments agreed to
- 02/16/98 House: Engrossed by House as amended
- 02/16/98 House: Constitutional reading dispensed (99-Y 0-N)
- 02/16/98 House: VOTE: CONSTITUTIONAL READING (99-Y 0-N)
- 02/16/98 House: Passed House (Block Vote) (100-Y 0-N)
- 02/16/98 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/16/98 House: Communicated to Senate
- 02/16/98 House: Printed as engrossed 989210204-E
- 02/17/98 Senate: Constitutional reading dispensed
- 02/17/98 Senate: Referred to Committee on Commerce and Labor
- 03/02/98 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 03/03/98 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 03/03/98 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 03/04/98 Senate: Read third time
- 03/04/98 Senate: Passed Senate (40-Y 0-N)
- 03/04/98 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/17/98 House: Bill text as passed House and Senate (HB906ER)
- 03/23/98 House: Enrolled
- 03/23/98 House: Signed by Speaker
- 03/25/98 Senate: Signed by President
- 04/12/98 Governor: Approved by Governor-Chapter 432 (effective 7/1/98)
- 04/20/98 Governor: Acts of Assembly Chapter text (CHAP0432)