HB 906 Limited Liability Company Act.
Alan A. Diamonstein | all patrons    ...    notes
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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:
House amendments

Status:
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)