2002 Regular Session

HOUSE BILL 1357

CHAPTER NUMBER: 570 File Code: Corporations and Associations
Sponsored By:
Delegates Barve and Brown
Entitled:
Limited Liability Companies - Mergers

Synopsis:

Authorizing a domestic limited liability company to merge into one or more foreign limited liability companies; authorizing one or more foreign limited liability companies to merge into a domestic limited liability company; and requiring a domestic limited liability company to approve a merger by the consent of the members holding at least two-thirds of the interests in profits of the limited liability company, unless otherwise provided in the operating agreement of the limited liability company.

History by Legislative Date

House Action
2/21
First Reading House Rules and Executive Nominations
2/25
Re-referred Economic Matters
2/27
Hearing 3/13 at 1:00 p.m.
3/21
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (139-0)
4/3
Returned Passed
5/16
Signed by the Governor Chapter 570
Senate Action
3/25
First Reading Judicial Proceedings
3/27
Hearing 4/2 at 1:00 p.m.
4/4
Favorable Report by Judicial Proceedings
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (47-0)
Sponsored by:
Delegate Kumar P. Barve, District 17
Delegate Anthony G. Brown, District 25
Bill indexed under the following Subjects:
LIMITED LIABILITY COMPANIES
MERGERS
Bill affects the following Statutes:
Corporations and Associations
( 4A-701 , 4A-702 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 303990/1 (PDF)     Offered on: March 21, 2002   at: 10:43 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 22, 2002: Third Reading Passed (139-0)
Senate
April 3, 2002: Third Reading Passed (47-0)